Bank of America's Preferred Stock, Series KK Crosses Above 5% Yield Territory
September 03, 2020 at 14:56 PM EDT
In trading on Thursday, shares of Bank of America Corp's 5.375% Non-Cumulative Preferred Stock, Series KK (BAC. RM) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3438), with shares changing hands as low as $26.80 on the day.