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Allergan's Preferred Shares, Series A Yield Pushes Past 9.5%


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In trading on Tuesday, shares of Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A (Symbol: AGN.PRA) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $55.00), with shares changing hands as low as $565.59 on the day. As of last close, AGN.PRA was trading at a 41.51% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible , with a conversion ratio of 2.8345 and 3.4722 .

The chart below shows the one year performance of AGN.PRA shares, versus AGN:

Performance Comparison Chart

Below is a dividend history chart for AGN.PRA, showing historical dividend payments on Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A:

AGN.PRA+Dividend+History+Chart

In Tuesday trading, Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A (Symbol: AGN.PRA) is currently down about 1.2% on the day, while the common shares (Symbol: AGN) are off about 1%.

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



This article appears in: Investing
Referenced Symbols: AGN


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