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


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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.


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