news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.


© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

BB&T's Series H Preferred Stock Crosses Above 5.5% Yield Territory

Shutterstock photo

In trading on Monday, shares of BB&T Corp.’s Series H Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRH) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $25.31 on the day. This compares to an average yield of 5.61% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, BBT.PRH was trading at a 4.60% premium to its liquidation preference amount, versus the average premium of 4.77% 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 BBT.PRH shares, versus BBT: Performance Comparison Chart

Below is a dividend history chart for BBT.PRH, showing historical dividend payments on BB&T Corp.’s Series H Non-Cumulative Perpetual Preferred Stock: BBT.PRH+Dividend+History+Chart In Monday trading, BB&T Corp.’s Series H Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRH) is currently down about 2.4% on the day, while the common shares (Symbol: BBT) are up about 0.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

No Comments

Post A Comment