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BB&T's Series G Preferred Stock Shares Cross 5.5% Yield Mark


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In trading on Wednesday, shares of BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRG) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $23.47 on the day. This compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, BBT.PRG was trading at a 4.28% discount to its liquidation preference amount, versus the average premium of 2.10% 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.

The chart below shows the one year performance of BBT.PRG shares, versus BBT:

Performance Comparison Chart

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

BBT.PRG+Dividend+History+Chart

In Wednesday trading, BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRG) is currently down about 1.7% on the day, while the common shares (Symbol: BBT) are trading flat.

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.PRG , BBT



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