AT&T’s 4.75% Preferred Stock Yielding Above 6.5%

On Friday, shares of AT&T Inc.’s 4.75% Depositary Shares Perpetual Preferred Stock, Series C (Symbol: T.PRC) yielded above the 6.5% mark based on its quarterly dividend, which is annualized to $1.1875. During trading, shares fluctuated as low as $18.20 for the day. This yield contrasts with an average yield of 7.10% found in the “Utilities” preferred stock category, as reported by Preferred Stock Channel.

At last close, T.PRC traded at a significant 26.28% discount to its liquidation preference amount. This discount is more substantial than the average of 23.57% in the “Utilities” category, indicating a divergence in market valuation.

The chart below illustrates the one-year performance of T.PRC shares compared to AT&T’s common stock (Symbol: T):

Additionally, here’s a dividend history chart for T.PRC, showcasing historical dividend payments associated with AT&T Inc.’s 4.75% Depositary Shares Perpetual Preferred Stock, Series C:

In Friday’s trading, AT&T’s 4.75% Depositary Shares Perpetual Preferred Stock, Series C (Symbol: T.PRC) was down about 0.5% for the day. Conversely, the common shares (Symbol: T) saw a rise of approximately 1.3%.

Also see:

• OTTR Split History
• LULU Price Target
• METF Videos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.