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BB&T's Series D Preferred Stock Shares Cross 6% Yield Mark


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In trading on Friday, shares of BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRD) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.34 on the day. This compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, BBT.PRD was trading at a 1.40% discount to its liquidation preference amount, versus the average premium of 0.83% 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.

Performance Comparison Chart

Below is a dividend history chart for BBT.PRD, showing historical dividend payments on BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock :

BBT.PRD+Dividend+History+Chart

In Friday trading, BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRD) is currently down about 0.9% on the day, while the common shares (Symbol: BBT) are off about 0.5%.

Click here to find out the 50 highest yielding preferreds »

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 , Investing Ideas
Referenced Symbols: BBT.PRD , BBT



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