Duke Energy's Series A Preferred Stock Crosses Above 6% Yield Territory

Duke Energy’s DUK.PRA preferred shares traded down to $23.94 while the 5.75% Series A issue was yielding above 6%, implying an annualized dividend value of $1.4375. The premium yield versus coupon suggests a modestly cautious market read-through on the security’s pricing rather than any reported company fundamentals or guidance change.