WaFd's Preferred Stock, Series A Shares Cross 7% Yield Mark

In trading on Tuesday, shares of WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A (WAFDP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $17.37 on the day. This compares to an average yield of 6.43% in the "Financial" preferred stock category, according to Preferred Stock Channel..