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| American International Group's Series A Preferred Stock Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Monday, December 4, 2:30 PM ET
In trading on Monday, shares of American International Group Inc's Series A 5.85% Non-Cumulative Perpetual Preferred Stock (NYSE:AIG.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.34 on the day. This compares to an average yield of 6.94% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AIG.PRA was trading at a 1.48% discount to its liquidation preference amount, versus the average discount of 12.68% 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 AIG.PRA shares, versus AIG:
Below is a dividend history chart for AIG.PRA, showing historical dividend payments on American International Group Inc's Series A 5.85% Non-Cumulative Perpetual Preferred Stock :
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, American International Group Inc's Series A 5.85% Non-Cumulative Perpetual Preferred Stock (NYSE:AIG.PRA) is currently down about 1.1% on the day, while the common shares (NYSE:AIG) are down about 0.1%.
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