|
Featured MNV Articles:
| MetLife Floating Rate Non-Cumulative Preferred Stock, Series A Shares Cross 7% Yield MarkBy Preferred Stock Channel Staff, Monday, February 12, 2:17 PM ET
In trading on Monday, shares of MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MET.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6863), with shares changing hands as low as $24.08 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, MET.PRA was trading at a 3.24% discount to its liquidation preference amount, versus the average discount of 9.71% 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 MET.PRA shares, versus MET:
Below is a dividend history chart for MET.PRA, showing historical dividend payments on MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A:
Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MET.PRA) is currently up about 0.1% on the day, while the common shares (NYSE:MET) are up about 2.3%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Dividends
Financial
Floating
Free
Investors
Juicy
MetLife
Monday
More
NYSE
Preferred
Rate
Report
Series
Start
Stock
Stocks
This
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
balance
based
before
beforeLeftLabels
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
|