In trading on Thursday, shares of Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (Symbol: C.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.45), with shares changing hands as low as $23.87 on the day. This compares to an average yield of 5.84% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, C.PRC was trading at a 1.40% discount to its liquidation preference amount, versus the average premium of 0.28% in the "Financial" 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 C.PRC, showing historical dividend payments on Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C :
In Thursday trading, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (Symbol: C.PRC) is currently down about 2.9% on the day, while the common shares (Symbol: C) are off about 6.1%.