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27 June
KeyCorp's Preferred Stock, Series G Yield Pushes Past 7%

In trading on Thursday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $20.07 on the day. This compares to an average yield of 6.68% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRK was trading at a 19.24% discount to its liquidation preference amount, versus the average discount of 10.10% 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.

Performance Comparison Chart

Below is a dividend history chart for KEY.PRK, showing historical dividend payments on KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G :

KEY.PRK+Dividend+History+Chart

In Thursday trading, KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) is currently off about 0.6% on the day, while the common shares (Symbol: KEY) are up about 0.9%.

Also see:

NWBI shares outstanding history
BWA Dividend Growth Rate
Funds Holding SBFM

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