 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Citigroup's Preferred Stock, Series J Shares Cross 9.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, February 28, 2:05 PM ET
In trading on Wednesday, shares of Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J (NYSE:C.PRJ) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.4392), with shares changing hands as low as $25.55 on the day. This compares to an average yield of 6.71% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRJ was trading at a 4.72% premium to its liquidation preference amount, versus the average discount of 9.58% 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 C.PRJ shares, versus C:
Below is a dividend history chart for C.PRJ, showing historical dividend payments on Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J:
Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J (NYSE:C.PRJ) is currently down about 2.2% on the day, while the common shares (NYSE:C) are off about 0.1%.
This Article's Word Cloud:
Arial
Below
Channel
Citigroup
Dividends
Financial
Fixed
Floating
Free
Investors
Juicy
More
NYSE
Noncumulative
Preferred
Rate
Report
Series
Start
Stock
Stocks
This
Wednesday
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
balance
based
before
beforeLeftLabels
category
chart
common
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
Start slideshow: