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| Webster Financial's Series F Preferred Stock Yield Pushes Past 5%By Preferred Stock Channel Staff, Thursday, July 1, 3:46 PM ET
In trading on Thursday, shares of Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock (NYSE:WBS.PRF) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $26.19 on the day. This compares to an average yield of 5.30% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WBS.PRF was trading at a 5.96% premium to its liquidation preference amount, versus the average premium of 7.23% 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 WBS.PRF shares, versus WBS:
Below is a dividend history chart for WBS.PRF, showing historical dividend payments on Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock (NYSE:WBS.PRF) is currently down about 1.1% on the day, while the common shares (NYSE:WBS) are up about 2.1%.
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