|
Featured MNV Articles:
| MainStreet Bancshares Preferred Stock Shares Cross 8.5% Yield MarkBy Preferred Stock Channel Staff, Monday, August 7, 3:11 PM ET
In trading on Monday, shares of MainStreet Bancshares Inc's 7.50% Dep Shares Series A Non-Cumulative Prfd Stock (NASDAQ:MNSBP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $22.00 on the day. This compares to an average yield of 6.82% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MNSBP was trading at a 9.80% discount to its liquidation preference amount, versus the average discount of 13.31% 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 MNSBP shares, versus MNSB:
Below is a dividend history chart for MNSBP, showing historical dividend payments on MainStreet Bancshares Inc's 7.50% Dep Shares Series A Non-Cumulative Prfd Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, MainStreet Bancshares Inc's 7.50% Dep Shares Series A Non-Cumulative Prfd Stock (NASDAQ:MNSBP) is currently off about 2.2% on the day, while the common shares (NASDAQ:MNSB) are up about 1.1%.
This Article's Word Cloud:
Arial
Bancshares
Below
Channel
Cumulative
Days
Dollars
Financial
Investors
Join
Juicy
MNSB
MNSBP
MainStreet
Monday
More
Offer
Preferred
Prfd
Series
Seven
Shares
Special
Start
Stock
Stocks
This
ValueForum
Where
Yields
about
above
according
afterLeftLabels
amount
average
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
with
|