Bank of America's Preferred Stock, Series GG Shares Cross 6.5% Yield Mark

Bank of America’s 6.000% Non-Cumulative Preferred Stock, Series GG (BAC.PRB), traded as low as $23.07 on Tuesday, pushing its annualized $1.50 dividend yield above 6.5%. The move is a security-specific preferred-share yield development and does not indicate a broader change in Bank of America’s operating outlook.