Stericycle's Series A Preferred Stock Yield Pushes Past 7%

In trading on Monday, shares of Stericycle Inc.'s 5.25% Series A Mandatory Convertible Preferred Stock (SRCLP) were yielding above the 7% mark based on its quarterly dividend (annualized to $5.25), with shares changing hands as low as $73.96 on the day. As of last close, SRCLP was trading at a 24.79% discount to its liquidation preference amount..