Sterling Bancorp's Preferred Shares Cross 6.5% Yield Mark
December 17, 2018 at 14:56 PM EST
In trading on Monday, shares of Sterling Bancorp's 8.375% Cumulative Trust Preferred Securities (STL. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.81 on the day.