In trading on Wednesday, shares of Equitable Holdings Inc’s 4.30% Dep Share Fix Rate Non-Cumulative Perpetual Preferred Stock Series C (Symbol: EQH.PRC) yielded over 6.5% based on a quarterly dividend of $1.075, with shares trading as low as $16.46. This yield contrasts with an average of 7.19% in the “Insurance Brokers” preferred stock category. Currently, EQH.PRC is at a 33.76% discount to its liquidation preference, significantly higher than the category average of 23.43%.
As of the latest close, EQH.PRC was down approximately 0.3% on the day, while the common shares (Symbol: EQH) were up 2.2%. Investors are advised that the shares are non-cumulative, meaning any missed payments do not have to be compensated before common dividends can be resumed.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
