In trading on Monday, shares of Stifel Financial Corporation’s 4.50% Dep Shares Non-Cumulative Preferred Stock Series D (Symbol: SF.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $17.12 on the day. This compares to an average yield of 6.53% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, SF.PRD was trading at a 29.96% discount to its liquidation preference amount, versus the average discount of 11.00% 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.
The chart below shows the one year performance of SF.PRD shares, versus SF:
Below is a dividend history chart for SF.PRD, showing historical dividend payments on Stifel Financial Corporation’s 4.50% Dep Shares Non-Cumulative Preferred Stock Series D:
In Monday trading, Stifel Financial Corporation's 4.50% Dep Shares Non-Cumulative Preferred Stock Series D (Symbol: SF.PRD) is currently down about 2.2% on the day, while the common shares (Symbol: SF) are off about 0.1%.
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