Markets

Citigroup's Preferred Securities Yield Pushes Past 7.5%

In trading on Tuesday, shares of Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (Symbol: C.PRN) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.2631), with shares changing hands as low as $27.45 on the day. This compares to an average yield of 5.42% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRN was trading at a 9.96% premium to its liquidation preference amount, versus the average premium of 6.85% in the "Financial" category.

The chart below shows the one year performance of C.PRN shares, versus C:

Performance Comparison Chart

Below is a dividend history chart for C.PRN, showing historical dividend payments on Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities:

C.PRN+Dividend+History+Chart

In Tuesday trading, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (Symbol: C.PRN) is currently trading flat on the day, while the common shares (Symbol: C) are down about 0.1%.

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

In This Story

C.PRN C

Other Topics

Stocks Fixed Income

Latest Markets Videos