Slideshow Floating Rate Preferred Stocks

By Preferred Stock Channel Staff, updated Sat, September 21, 11:30 AM

#46. PNC Financial Services Group (The) | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (NYSE:PNC.PRP) | 5.59% CURRENT YIELD

Premium to Liquidation Preference: 9.56%Average Premium in Category: 6.73%
Current Annualized Yield: 5.59%Average Yield in Category: 5.48%
Days Since Last Ex-Div Date: 63 | See Dividend History »Categorization: Financial

Alternate symbology:PNC-P, PNC-PP, PNCprP
Call Date:5/1/2022
Shares Offered:60,000,000
Liquidation Preference:$25
Recent Market Price:$27.43
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.43 (9.72%)
Annualized Dividend:1.53125
Recent Ex-Date:7/18/2019
Current Yield:5.58%
Original Coupon:6.125% per annum until 4/30/22, then at a floating rate equal to three-month LIBOR plus a spread of 4.0675% per annum
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. Co.'s segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.


Open the PNC Information Page »
PNC Financial Services Group (The)
Banking & Savings
Number of ETFs Holding PNC: 
113 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Floating Rate Preferred Stocks - Slide 1 of 46 |

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