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Slideshow Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Monday, May 30, 12:21 PM

#25. Synovus Financial Corp. | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE:SNV.PRC) | 14.68% CURRENT PREMIUM

Premium to Liquidation Preference: 14.68%Average Premium in Category: 4.85%
Current Annualized Yield: 6.87%Average Yield in Category: 5.50%
Days Since Last Ex-Div Date: 44 | See Dividend History »Categorization: Financial

Alternate symbology:SNV-C, SNV-PC, SNVprC
Call Date:8/1/2018
Shares Offered:5,200,000
Liquidation Preference:$25
Recent Market Price:$28.67
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$3.67 (14.68%)
Annualized Dividend:1.96875
Recent Ex-Date:4/13/2016
Current Yield:6.87%
Original Coupon:From the date of issuance to, but excluding, August 1, 2018, 7.875% per annum - From and including August 1, 2018, we will pay dividends, when, as, and if declared by our board or such committee at a floating rate equal to three-month LIBOR plus a spread of 6.39% per annum.
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
Synovus Financial is a financial services company and a bank holding company. Through the 28 locally-branded banking divisions of Co.'s wholly-owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee as of Dec 31 2014, Co. provides financial services, including commercial and retail banking, financial management, insurance, and mortgage services to its customers. Co.'s commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans. As of Dec 31 2014, Co. had total assets of $27.05 billion and total deposits of $21.53 billion.

Preferreds: SNV.PRT, SNV.PRC

Open the SNV Information Page »
Name:  Synovus Financial Corp.
Sector:  Banking & Savings
Number of ETFs Holding SNV:  51 (see which ones)
Total Market Value Held by ETFs:  $273,491,882.17
Total Market Capitalization:  $4,041,000,000
% of Market Cap. Held by ETFs:  6.77%

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