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Slideshow The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Saturday, May 18, 11:22 PM

#10. PrivateBancorp, Inc. | 10.00% Trust Preferred Securities (NASDAQ:PVTBP) | 9.71% CURRENT YIELD

Premium to Liquidation Preference: 3.00%Average Premium in Category: 4.41%
Current Annualized Yield: 9.71%Average Yield in Category: 5.02%
Days Since Last Ex-Div Date: 65 | See Dividend History »Categorization: Financial

Redeemable?:Yes
Call Date:6/15/2013
Maturity Date:6/15/2068
Cumulative?:Yes
Shares Offered:5,000,000.00
Overallotment:750,000
Liquidation Preference:$25
Recent Market Price:$25.76
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.76 (3.04%)
Annualized Dividend:2.50
Recent Ex-Date:3/12/2013
Current Yield:9.71%
Original Coupon:10.000%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
PrivateBancorp is a holding company. Through its bank subsidiary, The PrivateBank and Trust Company, Co. provides business and personal financial services to middle market companies and business owners, executives, entrepreneurs and families in the markets and communities it serves. Co. serves seven geographic markets in the Midwest, and Denver and Atlanta. Co. provides a range of commercial, real estate and personal lending products and services to its clients. Co. also provides checking, savings and money market accounts and certificates of deposits. As of Dec 31 2011, Co. had total assets of $12.42 billion and total deposits of $10.39 billion.

Preferred: PVTBP


Open the PVTB Information Page »
Name:  PrivateBancorp, Inc.
Website:  www.pvtb.com
Sector:  Banking & Savings
Number of ETFs Holding PVTB:  43 (see which ones)
Total Market Value Held by ETFs:  $94,116,607
Total Market Capitalization:  $1,491,000,000
% of Market Cap. Held by ETFs:  6.31%

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