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Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series R Cross 6.5% Yield Mark

By: BNK Invest
Posted: 7/3/2014 3:05:00 PM
Referenced Stocks: RBS.PRR;RBS

In trading on Thursday, shares of Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $23.55 on the day. This compares to an average yield of 6.17% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . As of last close, RBS.PRR was trading at a 5.24% discount to its liquidation preference amount, versus the average discount of 1.46% 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 RBS.PRR shares, versus RBS:

Performance Comparison Chart

Below is a dividend history chart for RBS.PRR, showing historical dividend payments on Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R:

RBS.PRR+Dividend+History+Chart

In Thursday trading, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) is currently off about 0.4% on the day, while the common shares (Symbol: RBS) are up about 1.8%.