Regions Financial Corp 5.7% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series C Shares Cross 5% Yield Threshold


IShares of Regions Financial Corp’s 5.700% floating non-cumulative fixed rate perpetual preferred stock, Series C (ticker: RF.PRC) on Friday fell above the 5% mark based on its quarterly dividend ( annualized at $ 1,425). ), with shares changing hands for as low as $ 28.43 that day. This compares to an average return of 5.27% in the “Financial” preferred share category, according to Favorite Stock Channel. At the last close, RF.PRC was trading at a premium of 14.76% over its liquidation preference amount, compared to an average premium of 7.06% in the “Financial” category. Investors should keep in mind that stocks are not cumulative, which means 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 an ordinary dividend.

Below is a dividend history chart for RF.PRC, showing historical dividend payments on Regions Financial Corp 5.700% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series C:

RF.PRC + Dividend + History + Graph

In Friday’s trading, Regions Financial Corp’s 5.700% floating fixed rate perpetual non-cumulative preferred shares, Series C (ticker: RF.PRC) are currently down about 0.8% on the day, while that common stocks (ticker: RF) are up about 1.2%.

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