Bank of America's Preferred Stock, Series L Crosses Above 5% Yield Territory
July 19, 2021 at 14:20 PM EDT
In trading on Monday, shares of Bank of America Corp's 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (BAC. RL) were yielding above the 5% mark based on its quarterly dividend (annualized to $72.50), with shares changing hands as low as $1441.81 on the day.
