On Wednesday, shares of Stifel Financial Corporation’s 6.125% Dep Shares Non-Cumulative Preferred Stock Series C (Symbol: SF.PRC) yielded above 6.5%, with shares trading as low as $23.39. The quarterly dividend, annualized to $1.5312, positioned the yield close to the Financial preferred stock category average of 6.48%. As of the last close, SF.PRC was at a 5.32% discount to its liquidation preference amount, compared to the average discount of 9.86% in the same category.
In the same trading session, SF.PRC was down approximately 0.7%, while the common shares of Stifel (Symbol: SF) experienced a rise of about 4.5%.
