Amtrust Financial Services' Preferred Stock, Series A Shares Cross 14% Yield Mark

In trading on Monday, shares of Amtrust Financial Services Inc's 6.75% Non-Cumulative Preferred Stock, Series A (Symbol: AFSI.PRA) were yielding above the 14% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $10.97 on the day. This compares to an average yield of 13.48% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel . As of last close, AFSI.PRA was trading at a 51.56% discount to its liquidation preference amount, versus the average discount of 45.73% in the "Insurance Brokers" 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.

Below is a dividend history chart for AFSI.PRA, showing historical dividend payments on Amtrust Financial Services Inc's 6.75% Non-Cumulative Preferred Stock, Series A :

In Monday trading, Amtrust Financial Services Inc's 6.75% Non-Cumulative Preferred Stock, Series A (Symbol: AFSI.PRA) is currently off about 1.8% on the day, while the common shares (Symbol: AFSI) are up about 0.1%.

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


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

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