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| Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O Crosses Above 5.5% Yield TerritoryBy Preferred Stock Channel Staff, Wednesday, April 10, 2:06 PM ET
In trading on Wednesday, shares of Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O (NYSE:MS.PRO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.0625), with shares changing hands as low as $19.17 on the day. This compares to an average yield of 6.67% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRO was trading at a 20.84% discount to its liquidation preference amount, versus the average discount of 9.31% 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 MS.PRO shares, versus MS:
Below is a dividend history chart for MS.PRO, showing historical dividend payments on Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Morgan Stanley's 4.250% Depositary Shares Non-Cumulative Preferred Stock, Series O (NYSE:MS.PRO) is currently off about 2.5% on the day, while the common shares (NYSE:MS) are off about 2.9%.
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