Bank of America's Preferred Stock, Series E Shares Cross 6.5% Yield Mark
March 22, 2024 at 14:07 PM EDT
In trading on Friday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series E (BAC. RE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5311), with shares changing hands as low as $23.32 on the day.