In trading on Monday, shares of Aspen Insurance Holdings Limited Class A Ordinary's 5.625% Perpetual Non-Cumulative Preference Shares (Symbol: AHL.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $20.08 on the day. This compares to an average yield of 8.08% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel. As of last close, AHL.PRE was trading at a 19.20% discount to its liquidation preference amount, versus the average discount of 13.95% 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.
Free Report: Top 8%+ Dividends (paid monthly)
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Below is a dividend history chart for AHL.PRE, showing historical dividend payments on Aspen Insurance Holdings Limited Class A Ordinary's 5.625% Perpetual Non-Cumulative Preference Shares:
Free Report: Top 8%+ Dividends (paid monthly)
In Monday trading, Aspen Insurance Holdings Limited Class A Ordinary's 5.625% Perpetual Non-Cumulative Preference Shares (Symbol: AHL.PRE) is currently down about 0.6% on the day, while the common shares (Symbol: AHL) are down about 2.4%.
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