Synchrony Financial's Preferred Stock, Series A Crosses Above 7.5% Yield Territory

In trading on Monday, shares of Synchrony Financial's 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (SYF. RA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $18.65 on the day.