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In trading on Wednesday, shares of WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A (Symbol: WAFDP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $16.24 on the day. This compares to an average yield of 6.73% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WAFDP was trading at a 34.76% discount to its liquidation preference amount, versus the average discount of 9.96% 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 WAFDP shares, versus WAFD:

Below is a dividend history chart for WAFDP, showing historical dividend payments on WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A:

In Wednesday trading, WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A (Symbol: WAFDP) is currently down about 0.3% on the day, while the common shares (Symbol: WAFD) are down about 1.2%.

Also see:

Transportation Dividend Stock List
GHY Dividend Growth Rate
ETN Insider Buying

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