“`html
On Monday, shares of Regions Financial Corp’s 4.45% Dep Shares Series E Non-Cumulative Preferred Stock (Symbol: RF.PRE) were yielding above 6.5%, with shares trading as low as $17.10. This represents a yield of $1.1125 annualized, compared to an average yield of 6.74% in the Financial preferred stock category.
As of the last close, RF.PRE was trading at a 31.44% discount to its liquidation preference amount, significantly higher than the category average of 10.50%. It is important to note that the shares are non-cumulative, meaning missed payments do not have to be compensated before resuming common dividends.
“`
