 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Huntington Bancshares' Series A Preferred Stock Shares Cross 6.5% Yield MarkBy Preferred Stock Channel Staff, Monday, November 20, 2:10 PM ET
In trading on Monday, shares of Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NASDAQ:HBANP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $17.22 on the day. This compares to an average yield of 7.10% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, HBANP was trading at a 98.25% discount to its liquidation preference amount, versus the average discount of 14.47% in the "Financial" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 83.668. 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 HBANP shares, versus HBAN:
Below is a dividend history chart for HBANP, showing historical dividend payments on Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Monday trading, Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NASDAQ:HBANP) is currently up about 0.3% on the day, while the common shares (NASDAQ:HBAN) are down about 0.1%.
This Article's Word Cloud:
Arial
Bancshares
Below
Channel
Convertible
Cumulative
Dividend
Financial
HBAN
HBANP
Huntington
Investors
Juicy
Monday
More
Newsletter
Offer
Perpetual
Preferred
Premium
Receive
Series
Special
Start
Stock
Stocks
This
Where
Yields
about
above
according
afterLeftLabels
afternoon
average
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
should
that
trading
versus
with
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
Start slideshow: