Bank of America's Preferred Stock, Series 5 Shares Cross 6% Yield Mark

In trading on Tuesday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 5 (Symbol: BML.PRL) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.0941), with shares changing hands as low as $18.17 on the day. Th