US Bancorp's Preferred Stock, A Shares Cross 7.5% Yield Mark

By Preferred Stock Channel Staff, Friday, March 22, 2:08 PM ET

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In trading on Friday, shares of US Bancorp's Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (NYSE:USB.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $66.6888), with shares changing hands as low as $884.00 on the day. This compares to an average yield of 6.62% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, USB.PRA was trading at a 11.00% discount to its liquidation preference amount, versus the average discount of 8.73% 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 USB.PRA shares, versus USB:

Performance Comparison Chart

Below is a dividend history chart for USB.PRA, showing historical dividend payments on US Bancorp's Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A:

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

In Friday trading, US Bancorp's Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (NYSE:USB.PRA) is currently off about 0.7% on the day, while the common shares (NYSE:USB) are off about 1.3%.

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US Bancorp's Preferred Stock, A Shares Cross 7.5% Yield Mark

US Bancorp's Preferred Stock, A Shares Cross 7.5% Yield Mark | www.PreferredStockChannel.com