Shares of US Bancorp’s Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (USB.PRA) were yielding over 7% on Monday, with a quarterly dividend of $57.2358. The stock traded as low as $812.00, at a 17.00% discount to its liquidation preference. Keep in mind, the shares are not cumulative. The common shares (USB) were up 1.8% while USB.PRA was down 2.2%. For more information on high-yielding preferred stocks, visit Preferred Stock Channel.

Read more at Nasdaq MarketSite: US Bancorp’s Preferred Stock, A Shares Cross 7% Yield Mark