In trading on Friday, shares of Morgan Stanley’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MS.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3159), with shares changing hands as low as $21.87 on the day. This compares to an average yield of 6.66% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRA was trading at a 9.60% discount to its liquidation preference amount, versus the average discount of 10.87% 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 MS.PRA, showing historical dividend payments on Morgan Stanley’s Floating Rate Non-Cumulative Preferred Stock, Series A:
In Friday trading, Morgan Stanley’s Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MS.PRA) is currently down about 1.3% on the day, while the common shares (Symbol: MS) are off about 6.6%.
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Also see:
INCR market cap history
CIVB Dividend History
UJB Average Annual Return
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