Regions Financial’s Preferred Stock, Series C Shares Cross 6% Yield Mark


In trading on Wednesday, shares of Regions Financial Corp’s 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: RF.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $23.67 on the day. This compares to an average yield of 7.20% in the “Banking & Savings” preferred stock category, according to Preferred Stock Channel. As of last close, RF.PRC was trading at a 4.76% discount to its liquidation preference amount, versus the average discount of 7.84% 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.

Performance Comparison Chart

Below is a dividend history chart for RF.PRC, showing historical dividend payments on Regions Financial Corp’s 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C:

RF.PRC+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Regions Financial Corp’s 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: RF.PRC) is currently off about 0.5% on the day, while the common shares (Symbol: RF) are off about 0.2%.

Click here to find out the 50 highest yielding preferreds »

Also see:

• ABAT Average Annual Return
• Institutional Holders of EWN
• OMCL Price Target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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