Regions Financial's Preferred Stock, Series B Yield Pushes Past 5.5%

In trading on Monday, shares of Regions Financial Corp's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (RF. RB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $28.77 on the day.
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