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| Hartford Financial Services Group Non-Cumulative Preferred Stock, Series G Ex-Dividend ReminderBy Preferred Stock Channel Staff, Thursday, January 27, 1:32 PM ET
On 1/31/22, Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 2/15/22. As a percentage of HIG.PRG's recent share price of $26.59, this dividend works out to approximately 1.41%, so look for shares of HIG.PRG to trade 1.41% lower — all else being equal — when HIG.PRG shares open for trading on 1/31/22. On an annualized basis, the current yield is approximately 5.62%, which compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, HIG.PRG was trading at a 6.80% premium to its liquidation preference amount, versus the average premium of 4.23% 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 HIG.PRG shares, versus HIG:
Below is a dividend history chart for HIG.PRG, showing historical dividends prior to the most recent $0.375 on Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G : Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) is currently off about 0.4% on the day, while the common shares (NYSE:HIG) are off about 0.4%.
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