AT&T Depositary Shares Perpetual Preferred Stock Series A Crosses Above 6% Yield Territory

By Preferred Stock Channel Staff, Wednesday, April 10, 2:07 PM ET

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In trading on Wednesday, shares of AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A (NYSE:T.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.78 on the day. This compares to an average yield of 6.47% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, T.PRA was trading at a 14.64% discount to its liquidation preference amount, versus the average discount of 17.12% in the "Utilities" category.

The chart below shows the one year performance of T.PRA shares, versus T:

Performance Comparison Chart

Below is a dividend history chart for T.PRA, showing historical dividend payments on AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A:

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In Wednesday trading, AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A (NYSE:T.PRA) is currently down about 1.9% on the day, while the common shares (NYSE:T) are off about 1.9%.

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AT&T Depositary Shares Perpetual Preferred Stock Series A Crosses Above 6% Yield Territory

AT&T Depositary Shares Perpetual Preferred Stock Series A Crosses Above 6% Yield Territory | www.PreferredStockChannel.com