Morgan Stanley's PREFERRED STOCK, SERIES K Yield Pushes Past 5%

In trading on Tuesday, shares of Morgan Stanley's 5.850% SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES K (MS. RK) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $29.06 on the day.