In trading on Tuesday, shares of Regions Financial Corp's 6.375% Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: RF.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $26.40 on the day. This compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, RF.PRA was trading at a 7.04% premium to its liquidation preference amount, vers...
In trading on Tuesday, shares of Regions Financial Corp's 6.375% Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: RF.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $26.40 on the day. This compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, RF.PRA was trading at a 7.04% premium to its liquidation preference amount, vers...
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