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Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Tuesday, September 27, 4:38 AM

#50. Alcoa Inc | 5.375% Class B Mandatory Convertible Preferred Stock, Series 1 (NYSE:AA.PRB) | 8.32% CURRENT YIELD

Discount to Liquidation Preference: -35.40%Average Discount in Category: -21.22%
Current Annualized Yield: 8.32%Average Yield in Category: 6.18%
Days Since Last Ex-Div Date: 10 | See Dividend History »Categorization: Metals & Mining

Alternate symbology:AA-B, AA-PB, AAprB
Maturity Date:10/1/2017
Conversion Ratio: 2.57838 and 3.09406
Conversion Price:$16.16 to $19.39
Shares Offered:25,000,000
Liquidation Preference:$50
Recent Market Price:$32.01
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-17.99 (-35.98%)
Annualized Dividend:2.6875
Recent Ex-Date:9/13/2016
Current Yield:8.40%
Original Coupon:5.375%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
Alcoa is primarily a producer of aluminum products. Co.'s operations consist of five reportable segments: Alumina, which consists of its refinery system; Primary Metals, which consists of its smelter system; Global Rolled Products, which represents Co.'s midstream operations and produces aluminum sheet and plate for a variety of end markets; and Engineered Products and Solutions, which produces products that are used mostly in the aerospace, commercial transportation, and power generation end markets; as well as Transportation and Construction Solutions, which produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets.

Preferreds: AA.PR, AA.PRB

Open the AA Information Page »
Name:  Alcoa Inc
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding AA:  77 (see which ones)
Total Market Value Held by ETFs:  $578,226,133
Total Market Capitalization:  $12,864,000,000
% of Market Cap. Held by ETFs:  4.49%

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