T.PRC

AT&T's Preferred Stock, Series C Crosses Above 5.5% Yield Territory

In trading on Friday, shares of AT&T Inc's 4.75% Depositary Shares Perpetual Preferred Stock, Series C (Symbol: T.PRC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.55 on the day. This compares to an average yield of 6.16% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, T.PRC was trading at a 13.48% discount to its liquidation preference amount, versus the average discount of 11.01% in the "Utilities" category.

The chart below shows the one year performance of T.PRC shares, versus T:

Performance Comparison Chart

Below is a dividend history chart for T.PRC, showing historical dividend payments on AT&T Inc's 4.75% Depositary Shares Perpetual Preferred Stock, Series C:

T.PRC+Dividend+History+Chart

In Friday trading, AT&T Inc's 4.75% Depositary Shares Perpetual Preferred Stock, Series C (Symbol: T.PRC) is currently off about 0.1% on the day, while the common shares (Symbol: T) are up about 1.2%.

Also see:
• ANGI market cap history
• Top Ten Hedge Funds Holding IAU
• UST Options Chain

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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