Regions Financial's Preferred Stock, Series C Shares Cross 6% Yield Mark

Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (RF.PRC) was yielding above 6% in Monday trading based on its quarterly dividend annualized to $1.425. The elevated yield reflects lower trade levels in the issue (shares traded down intraday), a security-specific pricing move with limited broader market implications.

Analysis

Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (RF.PRC) was yielding above 6% in Monday trading based on its quarterly dividend annualized to $1.425. The elevated yield reflects lower trade levels in the issue (shares traded down intraday), a security-specific pricing move with limited broader market implications.