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| Citigroup's Preferred Shares Cross 7% Yield MarkBy Preferred Stock Channel Staff, Wednesday, July 27, 2:20 PM ET
In trading on Wednesday, shares of Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (NYSE:C.PRN) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.9234), with shares changing hands as low as $27.08 on the day. This compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRN was trading at a 10.64% premium to its liquidation preference amount, versus the average discount of 5.79% in the "Financial" category. The chart below shows the one year performance of C.PRN shares, versus C:
Below is a dividend history chart for C.PRN, showing historical dividend payments on Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (NYSE:C.PRN) is currently off about 0.4% on the day, while the common shares (NYSE:C) are up about 0.8%.
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