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| Morgan Stanley's Preferred Stock, Series A Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Monday, August 21, 2:24 PM ET
In trading on Monday, shares of Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MS.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5848), with shares changing hands as low as $21.08 on the day. This compares to an average yield of 7.07% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRA was trading at a 15.04% discount to its liquidation preference amount, versus the average discount of 15.17% 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.PRA shares, versus MS:
Below is a dividend history chart for MS.PRA, showing historical dividend payments on Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A:
Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MS.PRA) is currently off about 0.2% on the day, while the common shares (NYSE:MS) are down about 1.1%.
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