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Slideshow Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Saturday, February 28, 12:18 AM

#25. City National Corp. (Beverly Hills, CA) | 6.750% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D (NYSE:CYN.PRD) | 14.40% CURRENT PREMIUM

Premium to Liquidation Preference: 14.40%Average Premium in Category: 2.55%
Current Annualized Yield: 5.90%Average Yield in Category: 5.75%
Days Since Last Ex-Div Date: 30 | See Dividend History »Categorization: Financial

Call Date:11/7/2023
Shares Offered:4,000,000
Liquidation Preference:$25
Recent Market Price:$28.70
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$3.70 (14.80%)
Annualized Dividend:1.6875
Recent Ex-Date:1/27/2015
Current Yield:5.88%
Original Coupon:6.750% beginning on February 7, 2014, and (ii) from, and including, November 7, 2023, at an annual rate equal to three-month LIBOR plus 4.052% beginning on February 7, 2024
Pay Period:Quarterly
Pay Dates:7-Feb, 7-May, 7-Aug, 7-Nov
City National is a bank and financial holding company. Co. provides a range of banking, investing and trust services. Co. provides financial products to individuals, entrepreneurs, personnel, their businesses and their families. Co.'s segments are Commercial and Private Banking, providing banking products and services, including commercial and mortgage lending, lines of credit, equipment lease financing, deposits, cash management services, international trade finance and letters of credit; and Wealth Management, consisting of investment advisory affiliates and wealth management services. As of Dec 31 2013, Co. had total assets of $29.71 billion and total deposits of $25.68 billion.

Preferreds: CYN.PRC, CYN.PRD

Open the CYN Information Page »
Name:  City National Corp. (Beverly Hills, CA)
Sector:  Banking & Savings
Number of ETFs Holding CYN:  45 (see which ones)
Total Market Value Held by ETFs:  $257,971,753
Total Market Capitalization:  $4,987,000,000
% of Market Cap. Held by ETFs:  5.17%

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