On Monday, shares of Stifel Financial Corporation’s 6.125% Dep Shares Non-Cumulative Preferred Stock Series C (Symbol: SF.PRC) exhibited a yield surpassing 6.5%, driven by a quarterly dividend annualized at $1.5312. The stock traded as low as $23.49 during the session, compared to an average yield of 6.53% within the Financial preferred stock category, according to data from Preferred Stock Channel. As of the latest close, SF.PRC was priced at a 3.96% discount to its liquidation preference, in contrast to the category average of 10.41%.
During the same trading day, SF.PRC shares experienced a slight increase of about 0.3%, while the common shares (Symbol: SF) rose approximately 3.1%. Investors should note that the preferred shares are non-cumulative, indicating that any missed dividend payments do not need to be covered before resuming common dividends.
