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| Truist Financial's Series O Preferred Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Thursday, March 28, 2:47 PM ET
In trading on Thursday, shares of Truist Financial Corp's 5.25% Dep Shares Series O Non-Cumul Perpetual Prfd Stock (NYSE:TFC.PRO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $23.81 on the day. This compares to an average yield of 6.64% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, TFC.PRO was trading at a 4.40% discount to its liquidation preference amount, versus the average discount of 8.97% 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 TFC.PRO shares, versus TFC:
Below is a dividend history chart for TFC.PRO, showing historical dividend payments on Truist Financial Corp's 5.25% Dep Shares Series O Non-Cumul Perpetual Prfd Stock:
Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Truist Financial Corp's 5.25% Dep Shares Series O Non-Cumul Perpetual Prfd Stock (NYSE:TFC.PRO) is currently up about 0.2% on the day, while the common shares (NYSE:TFC) are up about 0.7%.
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