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Slideshow Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Thursday, August 25, 5:52 AM

#25. PNC Financial Services Group (The) | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (NYSE:PNC.PRP) | 21.08% CURRENT PREMIUM

Premium to Liquidation Preference: 21.08%Average Premium in Category: 7.73%
Current Annualized Yield: 5.06%Average Yield in Category: 5.35%
Days Since Last Ex-Div Date: 40 | See Dividend History »Categorization: Financial

Series:P
Alternate symbology:PNC-P, PNC-PP, PNCprP
Redeemable?:Yes
Call Date:5/1/2022
Perpetual?:Yes
Cumulative?:No
Shares Offered:60,000,000
Overallotment:3,000,000
Liquidation Preference:$25
Recent Market Price:$30.29
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$5.29 (21.16%)
Annualized Dividend:1.53125
Recent Ex-Date:7/14/2016
Current Yield:5.06%
Original Coupon:6.125% per annum until 4/30/22, then at a floating rate equal to three-month LIBOR plus a spread of 4.0675% per annum
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
The PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing its products and services nationally, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. Co. also provides certain products and services internationally. At Dec 31 2015, Co. had total assets of $358.49 billion and total deposits of $249.00 billion.

Preferreds: PNC.PRP, PNC.PRL, PNC.PRQ


Open the PNC Information Page »
Name:  PNC Financial Services Group (The)
Website:  www.pnc.com
Sector:  Banking & Savings
Number of ETFs Holding PNC:  75 (see which ones)
Total Market Value Held by ETFs:  $1,985,990,012
Total Market Capitalization:  $42,030,000,000
% of Market Cap. Held by ETFs:  4.73%

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