HomeMarket NewsWebster Financial's Series F Preferred Stock Shares Cross 6.5% Yield Mark

Webster Financial's Series F Preferred Stock Shares Cross 6.5% Yield Mark

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In trading on Tuesday, shares of Webster Financial Corp’s 5.25% Series F Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.14 on the day. This compares to an average yield of 6.72% in the β€œFinancial” preferred stock category, according to Preferred Stock Channel. As of last close, WBS.PRF was trading at a 19.12% discount to its liquidation preference amount, versus the average discount of 9.88% in the β€œFinancial” 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 WBS.PRF shares, versus WBS:

Performance Comparison Chart

Below is a dividend history chart for WBS.PRF, showing historical dividend payments on Webster Financial Corp’s 5.25% Series F Non-Cumulative Perpetual Preferred Stock:

WBS.PRF+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Webster Financial Corp’s 5.25% Series F Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRF) is currently up about 1.4% on the day, while the common shares (Symbol: WBS) are down about 0.6%.

Also see:

Β• Institutional Holders of DWCR
Β• CMC Insider Buying
Β• Top Ten Hedge Funds Holding BHTG

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

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