|
Featured MNV Articles:
| KeyCorp's Preferred Stock, Series F Shares Cross 7% Yield MarkBy Preferred Stock Channel Staff, Tuesday, July 18, 2:10 PM ET
In trading on Tuesday, shares of KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (NYSE:KEY.PRJ) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4125), with shares changing hands as low as $20.02 on the day. This compares to an average yield of 6.93% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRJ was trading at a 19.04% discount to its liquidation preference amount, versus the average discount of 14.63% 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 KEY.PRJ shares, versus KEY:
Below is a dividend history chart for KEY.PRJ, showing historical dividend payments on KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F :
Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (NYSE:KEY.PRJ) is currently off about 0.3% on the day, while the common shares (NYSE:KEY) are up about 3.1%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Dividends
Financial
Fixed
Free
Investors
Juicy
KeyCorp
More
NYSE
Perpetual
Preferred
Rate
Report
Series
Start
Stock
Stocks
This
Tuesday
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
balance
based
before
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
|