Shares of Stifel Financial Corporation’s 4.50% Dep Shares Non-Cumulative Preferred Stock Series D (Symbol: SF.PRD) were yielding above 6% on Thursday, with a quarterly dividend of $1.125. The stock traded as low as $18.44, at a 24.92% discount to its liquidation preference. SF.PRD is not cumulative, meaning missed payments do not need to be made up to preferred shareholders. The common shares (Symbol: SF) were up 0.3% on the same day.
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Read more at Nasdaq: Stifel Financial Corporation’s Non-Cumulative Preferred Stock Series D Shares Cross 6% Yield Mark
