MB Financial's Preferred Stock, Series A Shares Cross 7.5% Yield Mark
In trading on Monday, shares of MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A (Symbol: MBFIP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.66 on the day. This compares to an average yield of 5.46% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, MBFIP was trading at a 6.88% premium to its liquidation preference amount, versus the average premium of 6.01% 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 MBFIP shares, versus MBFI:
Below is a dividend history chart for MBFIP, showing historical dividend payments on MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A :
In Monday trading, MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A (Symbol: MBFIP) is currently trading flat on the day, while the common shares (Symbol: MBFI) are up about 0.5%.