Bank of America’s Preferred Stock, Series 4 Crosses Above 6.5% Yield Territory

In trading on Tuesday, shares of Bank of America Corp’s Floating Rate Non-Cumulative Preferred Stock, Series 4 (Symbol: BML.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3651), with shares changing hands as low as $20.98 on the day.