US Bancorp's preferred stock yield surpasses 7% with $60.6946 quarterly dividend

From Nasdaq.: 2024-12-30 14:33:33

Shares of US Bancorp’s Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (USB.PRA) were yielding over 7% on Monday, with a quarterly dividend of $60.6946. The stock was trading at a 12.90% discount to its liquidation preference amount. USB.PRA is not cumulative, so missed payments do not have to be made up to preferred shareholders. Common shares (USB) were down about 0.3% on the same day.

In Monday trading, US Bancorp’s Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (USB.PRA) is currently up about 0.1% on the day. For more information on high-yield preferred stocks, click the link provided.



Read more at Nasdaq.: US Bancorp’s Preferred Stock, Series A Yield Pushes Past 7%