Regions Financial Corp’s Preferred Stock Yield Exceeds 6% Amid Market Moves

In trading on Wednesday, shares of Regions Financial Corp’s 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: RF.PRC), yielded above the 6% mark based on its quarterly dividend, which annualizes to $1.425. During the trading session, shares dipped as low as $23.67. This yield stands in contrast to an average yield of 7.20% in the “Banking & Savings” preferred stock category, according to Preferred Stock Channel.

As of the last close, RF.PRC was trading at a 4.76% discount to its liquidation preference amount. In comparison, the average discount in the “Banking & Savings” sector is 7.84%. Investors should note that these shares are non-cumulative, meaning that if a payment is missed, the company is not obligated to pay the outstanding dividends to preferred shareholders before resuming common dividends.

The dividend history chart for RF.PRC below outlines the historical payments of Regions Financial Corp’s preferred stock:

In Wednesday trading, Regions Financial Corp’s RF.PRC shares were down about 0.5% for the day, while the common shares (Symbol: RF) saw a decrease of approximately 0.2%.

Related Information:

• ABAT Average Annual Return
• Institutional Holders of EWN
• OMCL Price Target

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