American Equity Investment Life Holding's Preferred Stock, Series A Crosses Above 5.5% Yield Territory
January 04, 2022 at 14:22 PM EST
In trading on Tuesday, shares of American Equity Investment Life Holding Co's 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (AEL. RA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4875), with shares changing hands as low as $27.00 on the day.