Territorial Bancorp's Series B Preferred Stock Yield Pushes Past 12.5%

In trading on Monday, shares of Territorial Bancorp Inc's 9.00% Fix/Float Series B Non-Cumul Perp Pref Stock (TECTP) were yielding above the 12.5% mark based on its quarterly dividend (annualized to $1.2577), with shares changing hands as low as $9.97 on the day. This compares to an average yield of 6.58% in the "Financial" preferred stock category, according to Preferred Stock Channel..