Spire's Series A Preferred Stock Crosses Above 5.5% Yield TerritoryBy Preferred Stock Channel Staff, Thursday, January 6, 2:18 PM ETIn trading on Thursday, shares of Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE:SR.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.475), with shares changing hands as low as $26.55 on the day. This compares to an average yield of 5.22% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, SR.PRA was trading at a 7.56% premium to its liquidation preference amount, versus the average premium of 5.44% in the "Utilities" category. The chart below shows the one year performance of SR.PRA shares, versus SR:
Below is a dividend history chart for SR.PRA, showing historical dividend payments on Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE:SR.PRA) is currently down about 0.7% on the day, while the common shares (NYSE:SR) are up about 1.2%.
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