In trading on Thursday, shares of HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H (Symbol: HUSI.PRH) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.97 on the day. This compares to an average yield of 5.93% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . As of last close, HUSI.PRH was trading at a 1.48% premium to its liquidation preference amount, versus the average discount of 2.28% in the "Banking & Savings" 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 HUSI.PRH shares, versus HSBC:
Below is a dividend history chart for HUSI.PRH, showing historical dividend payments on HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H:
In Thursday trading, HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H (Symbol: HUSI.PRH) is currently up about 0.2% on the day, while the common shares (Symbol: HSBC) are off about 0.9%.