In trading on Tuesday, shares of State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3375), with shares changing hands as low as $24.21 on the day. This compares to an average yield of 6.42% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, STT.PRG was trading at a 2.44% discount to its liquidation preference amount, versus the average discount of 7.01% 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.
HVT Historical Stock Prices
Institutional Holders of MTZ
The chart below shows the one year performance of STT.PRG shares, versus STT:
Below is a dividend history chart for STT.PRG, showing historical dividend payments on State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G :
In Tuesday trading, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) is currently down about 0.7% on the day, while the common shares (Symbol: STT) are up about 0.2%.
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Institutional Holders of MTZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
