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Barclays' Preference Shares, Series 3, Cross 7% Yield Mark

In trading on Wednesday, shares of Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 3 (Symbol: BCS.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.775), with shares changing hands as low as $25.31 on the day. This compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . As of last close, BCS.PRA was trading at a 2.04% premium to its liquidation preference amount, versus the average discount of 0.84% in the "Banking & Savings" 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.

Performance Comparison Chart

Below is a dividend history chart for BCS.PRA, showing historical dividend payments on Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 3:

BCS.PRA+Dividend+History+Chart

In Wednesday trading, Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 3 (Symbol: BCS.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: BCS) are down about 0.9%.

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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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