Shares of Synchrony Financial’s 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (SYF.PRA) were yielding over 7% based on its quarterly dividend of $1.4063, trading as low as $19.93. The stock is at an 18.92% discount to its liquidation preference amount. Dividend history chart available. In trading on Wednesday, SYF.PRA was down 1.2%, while common shares (SYF) were up 0.7%. The average yield in the “Financial” preferred stock category is 6.46%. Investors should note that the shares are non-cumulative, meaning missed payments don’t have to be made up before common dividends resume.

Read more at Nasdaq: Synchrony Financial’s Preferred Stock, Series A Shares Cross 7% Yield Mark