Morgan Stanley's Preferred Stock, Series P Shares Cross 6.5% Yield Mark
In trading on Monday, shares of Morgan Stanley's 6.50% Depositary Shares Non-Cumulative Preferred Stock, Series P (Symbol: MS.PRP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.95 on the day.
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