In trading on Monday, shares of Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series B (Symbol: SF.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $25.89 on the day. This compares to an average yield of 5.29% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, SF.PRB was trading at a 5.08% premium to its liquidation preference amount, versus the average premium of 5.45% 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.
Below is a dividend history chart for SF.PRB, showing historical dividend payments on Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series B:
In Monday trading, Stifel Financial Corporation’s 6.25% Non-Cumulative Preferred Stock, Series B (Symbol: SF.PRB) is currently down about 0.6% on the day, while the common shares (Symbol: SF) are off about 2.2%.
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