|
Featured MNV Articles:
| Ex-Div Reminder for Territorial Bancorp Series B Preferred StockBy Preferred Stock Channel Staff, Wednesday, January 31, 1:34 PM ET
On 2/2/24, Territorial Bancorp Inc's 9.00% Fix/Float Series B Non-Cumul Perp Pref Stock (NASDAQ:TECTP) will trade ex-dividend, for its quarterly dividend of $0.225, payable on 2/15/24. As a percentage of TECTP's recent share price of $10.20, this dividend works out to approximately 2.21%, so look for shares of TECTP to trade 2.21% lower — all else being equal — when TECTP shares open for trading on 2/2/24. On an annualized basis, the current yield is approximately 8.79%, which compares to an average yield of 6.54% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, TECTP was trading at a 2.40% premium to its liquidation preference amount. 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 TECTP shares, versus TBNK:
Below is a dividend history chart for TECTP, showing historical dividends prior to the most recent $0.225 on Territorial Bancorp Inc's 9.00% Fix/Float Series B Non-Cumul Perp Pref Stock: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Wednesday trading, Territorial Bancorp Inc's 9.00% Fix/Float Series B Non-Cumul Perp Pref Stock (NASDAQ:TECTP) is currently down about 0.4% on the day, while the common shares (NASDAQ:TBNK) are off about 1%.
This Article's Word Cloud:
Arial
Bancorp
Below
Channel
Cumul
Dividend
Financial
Float
Going
Investors
Newsletter
Offer
Perp
Pref
Preferred
Premium
Receive
Series
Special
Start
Stock
Stocks
TBNK
TECTP
Territorial
Wednesday
about
according
afterLeftLabels
afternoon
amount
annualized
approximately
average
axisColor
chart
common
dividend
dividends
escape
fillColor
mdash
missed
preferred
recent
shares
that
trade
trading
yield
|