Spire Inc’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock Shares Cross 6% Yield Mark
In trading on Wednesday, shares of Spire Inc’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: SR.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.475), with shares changing hands as low as $24.54 on the day. This compares to an average yield of 6.71% in the “Utilities” preferred stock category, according to Preferred Stock Channel. As of last close, SR.PRA was trading at a 1.20% discount to its liquidation preference amount, versus the average discount of 17.99% in the “Utilities” category.
Below is a dividend history chart for SR.PRA, showing historical dividend payments on Spire Inc’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock:
In Wednesday trading, Spire Inc’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: SR.PRA) is currently off about 0.5% on the day, while the common shares (Symbol: SR) are off about 0.6%.
Click here to find out the 50 highest yielding preferreds »
Also see:
ETFs Holding APAM
HYGS Videos
SCCO market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
