Texas Capital Bancshares' Preferred Stock, Series A Shares Cross 6.5% Yield Mark
March 09, 2020 at 14:33 PM EDT
In trading on Monday, shares of Texas Capital Bancshares Inc's 6.50% Non-Cumulative Perpetual Preferred Stock, Series A (TCBIP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.61 on the day. This compares to an average yield of 4.60% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel..