US Bancorp Preferred Shares Series F Cross 6.5% Yield Threshold


IIn Thursday’s trading session, US Bancorp’s Series F perpetual non-cumulative preferred shares (ticker: USB.PRM) were yielding above the 6.5% mark based on its quarterly dividend (annualized at $ 1.625 ), with shares changing hands as low as $ 24.99 per day. This compares to an average return of 5.23% in the “Financial” preferred share category, according to Favorite Stock Channel. At the last close, USB.PRM was trading at a premium of 1.56% over its liquidation preference amount, against an average premium of 6.59% in the “Financial” category. Investors should keep in mind that stocks are not cumulative, which means 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 an ordinary dividend.

The graph below shows the year-over-year performance of USB.PRM stocks versus USB:

Below is a dividend history chart for USB.PRM, showing historical dividend payouts on US Bancorp’s Series F perpetual non-cumulative preferred shares:

USB.PRM + Dividend + History + Graph

In Thursday’s trading, US Bancorp’s Series F perpetual non-cumulative preferred stock (ticker: USB.PRM) is currently up about 0.1% on the day, while common stocks (ticker: USB ) are up about 0.2%.

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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