Bridgewater Bancshares' Preferred Stock Series A Yield Pushes Past 7.5%

In trading on Wednesday, shares of Bridgewater Bancshares Inc's 5.875% Dep Shares Non Cumul Preferred Stock Ser A (BWBBP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $19.55 on the day. This compares to an average yield of 7.76% in the "Credit Services & Lending" preferred stock category, according to Preferred Stock Channel..