 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| CenterPoint Energy's Series B Preferred Stock Shares Cross 8.5% Yield MarkBy Preferred Stock Channel Staff, Monday, March 22, 3:52 PM ET
In trading on Monday, shares of CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock (CNP.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $3.50), with shares changing hands as low as $40.27 on the day. This compares to an average yield of 6.07% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, CNP.PRB was trading at a 16.74% discount to its liquidation preference amount, versus the average premium of 22.51% in the "Utilities" category. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of CNP.PRB shares, versus CNP:
Below is a dividend history chart for CNP.PRB, showing historical dividend payments on CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock (CNP.PRB) is currently off about 2.8% on the day, while the common shares (NYSE:CNP) are off about 1.4%.
This Article's Word Cloud:
Arial
Below
CenterPoint
Channel
Convertible
Days
Dollars
Energy
Join
Juicy
Mandatory
Monday
More
NYSE
Offer
Preferred
Series
Seven
Special
Start
Stock
Stocks
This
Utilities
ValueForum
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
based
beforeLeftLabels
below
bkgImage
category
chart
dividend
escape
fillColor
preferred
shares
trading
versus
with
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
Start slideshow: