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Equitable Holdings' Preferred Stock, Series A Shares Cross 5% Yield Mark

In trading on Tuesday, shares of Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $26.06 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, EQH.PRA was trading at a 5.12% premium to its liquidation preference amount, versus the average premium of 5.87% 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.

Performance Comparison Chart

Below is a dividend history chart for EQH.PRA, showing historical dividend payments on Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A :

EQH.PRA+Dividend+History+Chart

In Tuesday trading, Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) is currently down about 0.5% on the day, while the common shares (Symbol: EQH) are up about 2.8%.

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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.

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