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| AHL's Preference Shares Yield Pushes Past 7%By Preferred Stock Channel Staff, Monday, December 11, 2:33 PM ET
In trading on Monday, shares of AHL's 5.625% Perpetual Non-Cumulative Preference Shares (NYSE:AHL.PRD) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4064), with shares changing hands as low as $20.04 on the day. This compares to an average yield of 7.72% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel. As of last close, AHL.PRD was trading at a 18.16% discount to its liquidation preference amount, versus the average discount of 7.72% in the "Insurance Brokers" 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 AHL.PRD shares, versus AHL:
Below is a dividend history chart for AHL.PRD, showing historical dividend payments on AHL's 5.625% Perpetual Non-Cumulative Preference Shares :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Monday trading, AHL's 5.625% Perpetual Non-Cumulative Preference Shares (NYSE:AHL.PRD) is currently off about 1.8% on the day, while the common shares (AHL) are trading flat.
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