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Morgan Stanley's Preferred Stock, Series G Crosses Above 6.5% Yield Territory


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In trading on Wednesday, shares of Morgan Stanley's 6.625% Non-Cumulative Preferred Stock, Series G (Symbol: MS.PRG) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.43 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, MS.PRG was trading at a 2.40% premium 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 MS.PRG shares, versus MS:

Performance Comparison Chart

Below is a dividend history chart for MS.PRG, showing historical dividend payments on Morgan Stanley's 6.625% Non-Cumulative Preferred Stock, Series G:

MS.PRG+Dividend+History+Chart

In Wednesday trading, Morgan Stanley's 6.625% Non-Cumulative Preferred Stock, Series G (Symbol: MS.PRG) is currently off about 0.6% on the day, while the common shares (Symbol: MS) are up about 1.8%.

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: MS.PRG , MS



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