|
Featured MNV Articles:
| Morgan Stanley's Preferred Stock, Series E Crosses Above 7% Yield TerritoryBy Preferred Stock Channel Staff, Thursday, June 29, 2:41 PM ET
In trading on Thursday, shares of Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E (NYSE:MS.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7813), with shares changing hands as low as $25.44 on the day. This compares to an average yield of 6.91% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRE was trading at a 3.68% premium to its liquidation preference amount, versus the average discount of 14.25% 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 MS.PRE shares, versus MS:
Below is a dividend history chart for MS.PRE, showing historical dividend payments on Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E (NYSE:MS.PRE) is currently trading flat on the day, while the common shares (NYSE:MS) are up about 1.9%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Dividend
Financial
Fixed
Floating
Investors
Juicy
More
Morgan
NYSE
Newsletter
Offer
Preferred
Premium
Rate
Receive
Series
Special
Stanley
Start
Stock
Stocks
This
Thursday
Where
Yields
about
above
according
afterLeftLabels
afternoon
amount
annualized
average
category
chart
common
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
with
|