Voya Financial's Series B Preferred Stock Yields Over 5.5%

Voya Financial's preferred stock, Series B, is yielding over 5.5% with shares trading at a 1.88% discount to its liquidation preference. The stock is up 0.5% on the day, while the common shares are up 0.6%. The preferred stock is non-cumulative, meaning the company doesn't have to pay missed dividends before resuming a common dividend.