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

In trading on Wednesday, shares of Synchrony Financial's 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (SYF. RA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $19.93 on the day.