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Citigroup's Preferred Stock, Series L Shares Cross 6.5% Yield Mark

In trading on Monday, shares of Citigroup Inc's 6.875% Noncumulative Preferred Stock, Series L (Symbol: C.PRL) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.32 on the day. This compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, C.PRL was trading at a 6.84% premium to its liquidation preference amount, versus the average premium of 1.96% in the "Financial" category.

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

Performance Comparison Chart

Below is a dividend history chart for C.PRL, showing historical dividend payments on Citigroup Inc's 6.875% Noncumulative Preferred Stock, Series L :

C.PRL+Dividend+History+Chart

In Monday trading, Citigroup Inc's 6.875% Noncumulative Preferred Stock, Series L (Symbol: C.PRL) is currently off about 1.5% on the day, while the common shares (Symbol: C) are off about 0.5%.

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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