 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Cash Dividend On The Way From PacWest Bancorp's Preferred Stock, Series ABy Preferred Stock Channel Staff, Wednesday, May 10, 1:37 PM ET
On 5/12/23, PacWest Bancorp's 7.75% Dep Shares Rate Reset Non-Cumul Preferred Stock, Series A (NASDAQ:PACWP) will trade ex-dividend, for its quarterly dividend of $0.4845, payable on 6/1/23. As a percentage of PACWP's recent share price of $11.79, this dividend works out to approximately 4.11%, so look for shares of PACWP to trade 4.11% lower — all else being equal — when PACWP shares open for trading on 5/12/23. On an annualized basis, the current yield is approximately 16.02%, which compares to an average yield of 7.49% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, PACWP was trading at a 51.60% discount to its liquidation preference amount. 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 PACWP shares, versus PACW:
Below is a dividend history chart for PACWP, showing historical dividends prior to the most recent $0.4845 on PacWest Bancorp's 7.75% Dep Shares Rate Reset Non-Cumul Preferred Stock, Series A: Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, PacWest Bancorp's 7.75% Dep Shares Rate Reset Non-Cumul Preferred Stock, Series A (NASDAQ:PACWP) is currently off about 2.6% on the day, while the common shares (NASDAQ:PACW) are down about 5.1%.
This Article's Word Cloud:
Arial
Bancorp
Below
Channel
Cumul
Dividend
Dividends
Financial
Free
Going
Investors
PACW
PACWP
PacWest
Preferred
Rate
Report
Reset
Series
Shares
Start
Stock
Stocks
Wednesday
about
according
afterLeftLabels
amount
annualized
approximately
average
axisColor
background
balance
basis
chart
common
dividend
dividends
escape
fillColor
mdash
missed
preferred
recent
shares
that
trade
trading
yield
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
