In trading on Friday, shares of EverBank Financial Corp's 6.75% Series A Non-Cumulative Perpetual Preferred Stock (Symbol: EVER.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $25.75 on the day. This compares to an average yield of 5.71% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, EVER.PRA was trading at a 4.00% premium to its liquidation preference amount, versus the average premium of 3.08% 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.
The chart below shows the one year performance of EVER.PRA shares, versus EVER:
Below is a dividend history chart for EVER.PRA, showing historical dividend payments on EverBank Financial Corp's 6.75% Series A Non-Cumulative Perpetual Preferred Stock :
In Friday trading, EverBank Financial Corp's 6.75% Series A Non-Cumulative Perpetual Preferred Stock (Symbol: EVER.PRA) is currently down about 1% on the day, while the common shares (Symbol: EVER) are up about 1.2%.