In trading on Monday, shares of AmeriServ Financial Inc.'s 8.45% Beneficial Unsecured Securities, Series A (ASRVP) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1125), with shares changing hands as low as $26.01 on the day. This compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ASRVP was trading at a 9.80% premium to its liquidation preference amount, versus the average discount of 3.08% in the "Financial" category.
AmeriServ Financial's Securities, Series A Shares Cross 8% Yield Mark
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