Hartford Financial Services Group Non-Cumulative Preferred Stock, Series G Yield Pushes Past 6%By Preferred Stock Channel Staff, Thursday, April 25, 2:05 PM ETIn trading on Thursday, shares of Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.91 on the day. This compares to an average yield of 6.74% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, HIG.PRG was trading at a 0.48% premium to its liquidation preference amount, versus the average discount of 10.70% 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 HIG.PRG shares, versus HIG:
Below is a dividend history chart for HIG.PRG, showing historical dividend payments on Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G :
Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) is currently off about 0.4% on the day, while the common shares (NYSE:HIG) are off about 0.8%.
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