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In trading on Monday, shares of Bank of America Corp's 4.375% Depositary Shares Non-Cumul Preferred Stock Ser NN (Symbol: BAC.PRO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.0938), with shares changing hands as low as $19.75 on the day. This compares to an average yield of 6.64% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRO was trading at a 19.64% discount to its liquidation preference amount, versus the average discount of 9.25% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of BAC.PRO shares, versus BAC:

Below is a dividend history chart for BAC.PRO, showing historical dividend payments on Bank of America Corp's 4.375% Depositary Shares Non-Cumul Preferred Stock Ser NN:

In Monday trading, Bank of America Corp's 4.375% Depositary Shares Non-Cumul Preferred Stock Ser NN (Symbol: BAC.PRO) is currently off about 0.3% on the day, while the common shares (Symbol: BAC) are up about 0.8%.

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