Morgan Stanley's Preferred Stock, Series O Yield Pushes Past 6%

By Preferred Stock Channel Staff, Monday, August 21, 2:23 PM ET

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In trading on Monday, shares of Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O (NYSE:MS.PRO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.0625), with shares changing hands as low as $17.65 on the day. This compares to an average yield of 7.07% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRO was trading at a 28.60% discount to its liquidation preference amount, versus the average discount of 15.17% 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 MS.PRO shares, versus MS:

Performance Comparison Chart

Below is a dividend history chart for MS.PRO, showing historical dividend payments on Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O:

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In Monday trading, Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O (NYSE:MS.PRO) is currently off about 0.4% on the day, while the common shares (NYSE:MS) are trading flat.

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Morgan Stanley's Preferred Stock, Series O Yield Pushes Past 6%

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