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| Atlantic Union Bankshares's Preferred Shares, Series A, Cross 9% Yield MarkBy Preferred Stock Channel Staff, Tuesday, May 16, 2:28 PM ET
In trading on Tuesday, shares of Atlantic Union Bankshares Corp's 6.875% Non-Cumulative Preferred Shares, Series A (NYSE:AUB.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.72), with shares changing hands as low as $18.75 on the day. This compares to an average yield of 7.28% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AUB.PRA was trading at a 23.28% discount to its liquidation preference amount, versus the average discount of 17.77% 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 AUB.PRA shares, versus AUB:
Below is a dividend history chart for AUB.PRA, showing historical dividend payments on Atlantic Union Bankshares Corp's 6.875% Non-Cumulative Preferred Shares, Series A:
Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Atlantic Union Bankshares Corp's 6.875% Non-Cumulative Preferred Shares, Series A (NYSE:AUB.PRA) is currently up about 1.7% on the day, while the common shares (NYSE:AUB) are up about 0.2%.
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