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Cadence Bank's Series A Preferred Stock Crosses Above 6.5% Yield Territory

In trading on Monday, shares of Cadence Bank's 5.50% Series A Non-Cumulative Perpetual Preferred Stock (CADE. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $21.00 on the day.

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Cadence Bank (CADE)