In trading on Friday, shares of Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.09 on the day. This compares to an average yield of 6.54% in the "Financial" preferred stock category, according to
Preferred Stock Channel. As of last close, WBS.PRF was trading at a 17.72% discount to its liquidation preference amount, versus the average discount of 10.49% in the "Financial" category. Investors should keep in mind that the shares are not
cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of WBS.PRF shares, versus WBS:
Below is a dividend history chart for WBS.PRF, showing historical dividend payments on Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock:
In Friday trading, Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRF) is currently down about 2.3% on the day, while the common shares (Symbol: WBS) are off about 0.6%.
Also see:CELP VideosKOS Average Annual ReturnPNK market cap historyThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.