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National General Holdings' Preferred Stock, Series A Shares Cross 7.5% Yield Mark


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In trading on Wednesday, shares of National General Holdings Corp's 7.50% Non-Cumulative Preferred Stock, Series A (Symbol: NGHCP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.54 on the day. This compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, NGHCP was trading at a 1.04% premium to its liquidation preference amount, versus the average premium of 4.70% 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 NGHCP shares, versus NGHC:

Performance Comparison Chart

Below is a dividend history chart for NGHCP, showing historical dividend payments on National General Holdings Corp's 7.50% Non-Cumulative Preferred Stock, Series A:

NGHCP+Dividend+History+Chart

In Wednesday trading, National General Holdings Corp's 7.50% Non-Cumulative Preferred Stock, Series A (Symbol: NGHCP) is currently trading flat on the day, while the common shares (Symbol: NGHC) are up about 0.8%.

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
Referenced Symbols: NGHCP , NGHC



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