Banco Santander's Preferred Securities Crosses Above 6.5% Yield Territory
June 27, 2016 at 14:08 PM EDT
In trading on Monday, shares of Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (SAN. RC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.98 on the day.