Morgan Stanley's Preferred Stock, Series A Yield Pushes Past 6%

Yield on Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (MS.PRA) exceeded 6% based on a quarterly dividend annualized to $1.1585, with shares trading as low as $19.24 on Monday. This is a security-specific price/yield development (reflecting elevated yield from recent price weakness) and carries limited broader-market implications.

Analysis

Yield on Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (MS.PRA) exceeded 6% based on a quarterly dividend annualized to $1.1585, with shares trading as low as $19.24 on Monday. This is a security-specific price/yield development (reflecting elevated yield from recent price weakness) and carries limited broader-market implications.