AMMO's Series A Preferred Stock Shares Cross 10.5% Yield Mark

In trading on Monday, shares of AMMO Inc's 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.2361), with shares changing hands as low as $21.01 on the day. This compares to an average yield of 19.49% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel..