Morgan Stanley's PREFERRED STOCK, SERIES L Shares Cross 6% Yield Mark

Morgan Stanley's 4.875% Series L preferred stock was yielding above 6% based on its $1.2188 annualized dividend, with intraday trading as low as $20.25 per share. The note is largely a factual yield update tied to preferred stock pricing and dividend income. Market impact appears limited and likely confined to income-oriented investors.

Analysis

Morgan Stanley's 4.875% Series L preferred stock was yielding above 6% based on its $1.2188 annualized dividend, with intraday trading as low as $20.25 per share. The note is largely a factual yield update tied to preferred stock pricing and dividend income. Market impact appears limited and likely confined to income-oriented investors.