Markets World Tech USA · World
Nikkei 225
64,874.36
+1,119.46   +1.76%
Live
Hang Seng
25,436.88
-447.55   -1.73%
Live
Shanghai
3,901.08
+91.42   +2.40%
Live
ASX 200
9,250.90
+274.10   +3.05%
Live
Nifty 50
24,636.00
+252.40   +1.04%
At close

Trading

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

· Nasdaq Market Structure

In trading on Friday, 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 $20.09 on the day. This compares to an average yield of 6.54% in the "Financial" preferred stock category, according to

Preferred Stock Channel

. As of last close, WBS.PRF was trading at a 17.72% discount to its liquidation preference amount, versus the average discount of 10.49% 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 WBS.PRF shares, versus WBS:

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:

In Friday trading, Webster Financial Corp's 5.25% Series F Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRF) is currently down about 2.3% on the day, while the common shares (Symbol: WBS) are off about 0.6%.

Also see:CELP VideosKOS Average Annual ReturnPNK market cap history

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