Sterling Bancorp's Preferred Shares Cross 6% Yield Mark
June 24, 2021 at 14:14 PM EDT
In trading on Thursday, 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 $26.70 on the day.