Shares of Dime Community Bancshares Inc’s 5.50% Non-Cumul Prep Preferred Stock Ser A (DCOMP) were yielding above 7% based on its quarterly dividend of $1.375. The stock traded as low as $19.50 on Tuesday. DCOMP was at a 19.72% discount to its liquidation preference amount, higher than the average in the “Financial” category. The shares are not cumulative, meaning missed payments don’t have to be paid back before common dividends resume. In trading, DCOMP was down 0.6% on the day, with common shares (DCOM) down 1.8%.

Investors should note that DCOMP’s dividend history chart shows historical payments.

Read more at Nasdaq.: Dime Community Bancshares’ Preferred Stock Series A Shares Cross 7% Yield Mark