Fulton Financial's Preferred Stock, Series A Shares Cross 8% Yield Mark

By Preferred Stock Channel Staff, Thursday, November 30, 2:10 PM ET

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In trading on Thursday, shares of Fulton Financial Corp.'s 5.125% Dep Shares Non-Cumul Preferred Stock, Series A (NASDAQ:FULTP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.281), with shares changing hands as low as $15.96 on the day. This compares to an average yield of 7.03% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, FULTP was trading at a 35.76% discount to its liquidation preference amount, versus the average discount of 13.58% 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 FULTP shares, versus FULT:

Performance Comparison Chart

Below is a dividend history chart for FULTP, showing historical dividend payments on Fulton Financial Corp.'s 5.125% Dep Shares Non-Cumul Preferred Stock, Series A:

Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, Fulton Financial Corp.'s 5.125% Dep Shares Non-Cumul Preferred Stock, Series A (NASDAQ:FULTP) is currently up about 0.6% on the day, while the common shares (NASDAQ:FULT) are up about 0.6%.

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Fulton Financial's Preferred Stock, Series A Shares Cross 8% Yield Mark

Fulton Financial's Preferred Stock, Series A Shares Cross 8% Yield Mark | www.PreferredStockChannel.com