In trading on Tuesday, shares of US Bancorp's Series F Non-Cumulative Perpetual Preferred Stock (Symbol: USB.PRM) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $27.08 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, USB.PRM was trading at a 8.76% premium to its liquidation preference amount, versus the average premium of 0.50% 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.
Below is a dividend history chart for USB.PRM, showing historical dividend payments on US Bancorp's Series F Non-Cumulative Perpetual Preferred Stock:
In Tuesday trading, US Bancorp's Series F Non-Cumulative Perpetual Preferred Stock (Symbol: USB.PRM) is currently down about 0.1% on the day, while the common shares (Symbol: USB) are off about 0.3%.
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