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| Voya Financial's Preferred Stock, Series B Shares Cross 5% Yield MarkBy Preferred Stock Channel Staff, Thursday, February 25, 2:21 PM ET
In trading on Thursday, shares of Voya Financial Inc's 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (NYSE:VOYA.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3375), with shares changing hands as low as $26.25 on the day. This compares to an average yield of 5.51% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, VOYA.PRB was trading at a 10.36% premium to its liquidation preference amount, versus the average premium of 4.68% 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 VOYA.PRB shares, versus VOYA:
Below is a dividend history chart for VOYA.PRB, showing historical dividend payments on Voya Financial Inc's 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, Voya Financial Inc's 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (NYSE:VOYA.PRB) is currently down about 3.6% on the day, while the common shares (NYSE:VOYA) are up about 1.1%.
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