Sterling Bancorp's Preferred Securities Yield Pushes Past 6%
September 13, 2019 at 14:43 PM EDT
In trading on Friday, shares of Sterling Bancorp's 8.375% Cumulative Trust Preferred Securities (STL. RA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $27.05 on the day.