Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C Shares Cross 5% Yield MarkBy Preferred Stock Channel Staff, Friday, September 24, 3:49 PM ETIn trading on Friday, shares of Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:RF.PRC) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $28.43 on the day. This compares to an average yield of 5.27% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, RF.PRC was trading at a 14.76% premium to its liquidation preference amount, versus the average premium of 7.06% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of RF.PRC shares, versus RF:
Below is a dividend history chart for RF.PRC, showing historical dividend payments on Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:RF.PRC) is currently down about 0.8% on the day, while the common shares (NYSE:RF) are up about 1.2%.
This Article's Word Cloud:
Arial
Below
Channel
Corp
Cumulative
Dividend
Financial
Fixed
Floating
Friday
Investors
Juicy
More
NYSE
Newsletter
Offer
Perpetual
Preferred
Premium
Rate
Receive
Regions
Series
Special
Start
Stock
Stocks
This
Where
Yields
about
above
according
afterLeftLabels
afternoon
average
category
chart
common
dividend
escape
fillColor
missed
preferred
premium
shares
that
trading
versus
with
|