Bank of America's Preferred Stock, Series 2 Yield Pushes Past 6%

Bank of America’s Floating Rate Non-Cumulative Preferred Stock, Series 2 (BML.PRH) was yielding above 6% based on its $1.132 annualized quarterly dividend, with the stock trading as low as $18.84. The article is a factual yield update on a preferred security rather than a company-specific catalyst, making the market impact limited.

Analysis

Bank of America’s Floating Rate Non-Cumulative Preferred Stock, Series 2 (BML.PRH) was yielding above 6% based on its $1.132 annualized quarterly dividend, with the stock trading as low as $18.84. The article is a factual yield update on a preferred security rather than a company-specific catalyst, making the market impact limited.