PreferredStockChannel

Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Wed, July 28, 9:07 AM

#25. CenterPoint Energy, Inc | 7.00% Series B Mandatory Convertible Preferred Stock (NYSE:CNP.PRB) | -6.50% CURRENT DISCOUNT

Discount to Liquidation Preference: -6.50%Average Premium in Category: 4.76%
Current Annualized Yield: 7.49%Average Yield in Category: 5.74%
Days Since Last Ex-Div Date: 17 | See Dividend History »Categorization: Utilities

Series:B
Alternate symbology:CNP-B, CNP-PB, CNPprB
Redeemable?:Yes
Call Date:9/1/2021
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:17,000,000
Overallotment:2,550,000
Liquidation Preference:$50
Recent Market Price:$47.41
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-2.59 (-5.18%)
Annualized Dividend:3.5
Recent Ex-Date:8/12/2021
Current Yield:7.38%
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn CNP.PRB's Rating
CenterPoint Energy is a holding company and owns interests in Enable Midstream Partners, LP (Enable). Through its subsidiaries, Co. operates in the following segments: Electric, whereby Co.'s subsisiary, CenterPoint Energy Houston Electric, LLC, is a transmission and distribution electric utility that operates wholly within the state of Texas; Natural Gas, which engages in regulated intrastate natural gas sales and natural gas transportation and storage for residential, commercial, industrial and transportation customers; and Midstream Investments, whereby Enable's assets and operations are organized into two reportable segments: gathering and processing and transportation and storage.

Preferred: CNP.PRB


Open the CNP Information Page »
Name: 
CenterPoint Energy, Inc
Website: 
www.centerpointenergy.com
Sector: 
Electric Utilities
Number of ETFs Holding CNP: 
95 (see which ones)
Total Market Value Held by ETFs: 
$2,462,728,491.94
Total Market Capitalization: 
$12,646,000,000
% of Market Cap. Held by ETFs: 
19.47%

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