JPMorgan Chases Preferred Stock, Series T Shares Cross 6% Yield Mark

In trading on Friday, shares of JPMorgan Chase & Co's 6.70% Non-Cumulative Preferred Stock, Series T (NYSE: JPM.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.675), with shares changing hands as low as $27.86 on the day. This compares to an average yield of 5.40% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, JPM.PRB was trading at a 12.32% premium to its liquidation preference amount, versus the averag...