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Morgan Stanley's PREFERRED STOCK, SERIES L Yield Pushes Past 6%

In trading on Monday, shares of Morgan Stanley's 4.875% NON-CUMULATIVE PREFERRED STOCK, SERIES L (MS. RL) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $20.26 on the day.
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