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| Hartford Financial Services Group Non-Cumulative Preferred Stock, Series G Goes Ex-Dividend SoonBy Preferred Stock Channel Staff, Wednesday, January 27, 2:17 PM ET
On 1/29/21, Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 2/16/21. As a percentage of HIG.PRG's recent share price of $28.38, this dividend works out to approximately 1.32%, so look for shares of HIG.PRG to trade 1.32% lower — all else being equal — when HIG.PRG shares open for trading on 1/29/21. On an annualized basis, the current yield is approximately 0.00%, which compares to an average yield of 1.98% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, HIG.PRG was trading at a 13.28% premium to its liquidation preference amount, versus the average premium of 6.83% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of HIG.PRG shares, versus HIG:
Below is a dividend history chart for HIG.PRG, showing historical dividends prior to the most recent $0.375 on Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G : Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Wednesday trading, Hartford Financial Services Group Inc.'s 6.000% Non-Cumulative Preferred Stock, Series G (NYSE:HIG.PRG) is currently up about 0.2% on the day, while the common shares (NYSE:HIG) are off about 2.6%.
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