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Market Impact: 0.1
Flagstar Bank's Series A Preferred Stock Crosses Above 7% Yield Territory
Source: Nasdaq
Banking & LiquidityInterest Rates & YieldsCapital Returns (Dividends / Buybacks)
Flagstar Bank's 6.375% Fixed-to-Floating Rate Series A noncumulative perpetual preferred shares (FLG.PRA) were trading at a yield above 7%, based on an annualized quarterly dividend of $1.5936. The article fragment does not provide the share price, the extent of the yield move, or any company-specific catalyst.
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