In trading on Monday, shares of Equitable Holdings Inc's 4.30% Dep Share Fix Rate Non-Cumul Perp Prfd Stock Ser C (Symbol: EQH.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.075), with shares changing hands as low as $16.52 on the day. This compares to an average yield of 7.16% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel. As of last close, EQH.PRC was trading at a 33.36% discount to its liquidation preference amount, versus the average discount of 16.72% in the "Insurance Brokers" 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.
Institutional Holders of PZT
Institutional Holders of WVVI
The chart below shows the one year performance of EQH.PRC shares, versus EQH:
Below is a dividend history chart for EQH.PRC, showing historical dividend payments on Equitable Holdings Inc's 4.30% Dep Share Fix Rate Non-Cumul Perp Prfd Stock Ser C:
In Monday trading, Equitable Holdings Inc's 4.30% Dep Share Fix Rate Non-Cumul Perp Prfd Stock Ser C (Symbol: EQH.PRC) is currently down about 0.5% on the day, while the common shares (Symbol: EQH) are trading flat.
Also see:
NVO YTD Return Institutional Holders of PZT
Institutional Holders of WVVI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
