Shares of Equitable Holdings Inc’s 4.30% Dep Share Fix Rate Non-Cumul Perp Prfd Stock Ser C (EQH.PRC) were yielding above 6.5% with a quarterly dividend of $1.075. The stock traded as low as $16.52 on Monday, at a 33.36% discount to its liquidation preference. EQH.PRC is down 0.5% for the day, while common shares (EQH) are flat. The shares are non-cumulative, meaning missed payments don’t have to be made up to preferred shareholders. Overall, EQH.PRC is performing in line with expectations in the “Insurance Brokers” preferred stock category.

Read more at Nasdaq MarketSite: Equitable Holdings’s Preferred Stock Series C Yield Pushes Past 6.5%