In trading on Monday, shares of Regions Financial Corp’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: RF.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $22.76 on the day. This compares to an average yield of 6.47% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, RF.PRB was trading at a 6.80% discount to its liquidation preference amount, versus the average discount of 9.92% 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.
Below is a dividend history chart for RF.PRB, showing historical dividend payments on Regions Financial Corp’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B :
In Monday trading, Regions Financial Corp’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: RF.PRB) is currently down about 0.9% on the day, while the common shares (Symbol: RF) are trading flat.
Also see:
OLA Historical Stock Prices
ARNC Split History
QTEC Historical Stock Prices
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