20 Jan Stifel Financial's Preferred Stock, Series A Shares Cross 6% Yield Mark
In trading on Thursday, shares of Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series A (Symbol: SF.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $25.76 on the day. This compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, SF.PRA was trading at a 5.24% premium to its liquidation preference amount, versus the average premium of 4.96% 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.
Below is a dividend history chart for SF.PRA, showing historical dividend payments on Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series A: In Thursday trading, Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series A (Symbol: SF.PRA) is currently down about 0.3% on the day, while the common shares (Symbol: SF) are down about 1.7%.
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