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 9% mark based on its quarterly dividend (annualized to $2.6756), with shares changing hands as low as $29.61 on the day. This compares to an average yield of 6.59% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRN was trading at a 22.76% premium to its liquidation preference amount, versus the average discount of 9.81% in the "Financial" category.
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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:
In Tuesday trading, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (Symbol: C.PRN) is currently down about 0.5% on the day, while the common shares (Symbol: C) are down about 0.3%.
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