In trading on Friday, shares of U.S. Bancorp's Preferred Stock (Symbol: USB.PRA) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $35.7778), with shares changing hands as low as $790.00 on the day. This compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, USB.PRA was trading at a 20.00% discount to its liquidation preference amount, versus the average premium of 2.85% 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 USB.PRA shares, versus USB:
Below is a dividend history chart for USB.PRA, showing historical dividend payments on U.S. Bancorp's Preferred Stock:
In Friday trading, U.S. Bancorp's Preferred Stock (Symbol: USB.PRA) is currently down about 0.9% on the day, while the common shares (Symbol: USB) are down about 0.2%.