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Cash Dividend On The Way From Ladenburg Thalmann Financial Services Series A Cumulative Redeemable Preferred Stock

By Preferred Stock Channel Staff, Wednesday, October 9, 1:36 PM ET

On 10/11/19, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (AMEX:LTS.PRA) will trade ex-dividend, for its monthly dividend of $0.1667, payable on 10/28/19. As a percentage of LTS.PRA's recent share price of $24.93, this dividend works out to approximately 0.67%, so look for shares of LTS.PRA to trade 0.67% lower — all else being equal — when LTS.PRA shares open for trading on 10/11/19. On an annualized basis, the current yield is approximately 8.09%, which compares to an average yield of 5.34% in the "Financial" preferred stock category, according to Preferred Stock Channel.

As of last close, LTS.PRA was trading at a 0.48% discount to its liquidation preference amount, versus the average premium of 6.62% in the "Financial" category. The chart below shows the one year performance of LTS.PRA shares, versus LTS:

Performance Comparison Chart

Below is a dividend history chart for LTS.PRA, showing historical dividends prior to the most recent $0.1667 on Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock:


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In Wednesday trading, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (AMEX:LTS.PRA) is currently up about 0.2% on the day, while the common shares (AMEX:LTS) are up about 0.7%.


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