In trading on Friday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 1 (Symbol: BML.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3814), with shares changing hands as low as $23.00 on the day. This compares to an average yield of 6.45% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BML.PRG was trading at a 7.68% discount to its liquidation preference amount, versus the average discount of 7.28% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
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TXNM Dividend History
Below is a dividend history chart for BML.PRG, showing historical dividend payments on Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 1 :
In Friday trading, Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 1 (Symbol: BML.PRG) is currently up about 0.2% on the day, while the common shares (Symbol: BAC) are down about 0.8%.
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TXNM Dividend History
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