US Bancorp's Series M Preferred Stock Shares Cross 5.5% Yield Mark

In trading on Thursday, shares of US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (USB. RR) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $18.15 on the day.