In trading on Thursday, shares of HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A (Symbol: HSBC.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.55), with shares changing hands as low as $23.31 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, HSBC.PRA was trading at a 0.28% 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.
The chart below shows the one year performance of HSBC.PRA shares, versus HSBC:
Below is a dividend history chart for HSBC.PRA, showing historical dividend payments on HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A:
In Thursday trading, HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A (Symbol: HSBC.PRA) is currently down about 5.9% on the day, while the common shares (Symbol: HSBC) are down about 4.1%.