HSBC Holdings' Preferred Stock, Series G Shares Cross 4.5% Yield Mark

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In trading on Tuesday, shares of HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series G (Symbol: HUSI.PRG) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.9889), with shares changing hands as low as $21.78 on the day. This compares to an average yield of 6.04% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . As of last close, HUSI.PRG was trading at a 11.32% discount to its liquidation preference amount, versus the average discount of 4.50% in the "Banking & Savings" 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 HUSI.PRG shares, versus HSBC:

Performance Comparison Chart


Below is a dividend history chart for HUSI.PRG, showing historical dividend payments on HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series G:

HUSI.PRG+Dividend+History+Chart

In Tuesday trading, HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series G (Symbol: HUSI.PRG) is currently up about 0.1% on the day, while the common shares (Symbol: HSBC) are off about 0.2%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: HUSI.PRG , HSBC

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