In trading on Wednesday, shares of WaFd Inc’s 4.875% Non-Cumulative Preferred Stock, Series A (Symbol: WAFDP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $16.24 on the day. This compares to an average yield of 6.73% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, WAFDP was trading at a 34.76% discount to its liquidation preference amount, versus the average discount of 9.96% in the “Financial” category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of WAFDP shares, versus WAFD:

Below is a dividend history chart for WAFDP, showing historical dividend payments on WaFd Inc’s 4.875% Non-Cumulative Preferred Stock, Series A:

In Wednesday trading, WaFd Inc’s 4.875% Non-Cumulative Preferred Stock, Series A (Symbol: WAFDP) is currently down about 0.3% on the day, while the common shares (Symbol: WAFD) are down about 1.2%.

Also see:

• Transportation Dividend Stock List
• GHY Dividend Growth Rate
• ETN Insider Buying

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