Hartford Financial Services Group’s Preferred Stock, Series G Shares Cross 6% Yield Mark
In trading on Friday, shares of Hartford Financial Services Group Inc.’s 6.000% Non-Cumulative Preferred Stock, Series G (Symbol: HIG.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.98 on the day. This compares to an average yield of 6.45% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, HIG.PRG was trading at a 1.68% premium to its liquidation preference amount, versus the average discount of 7.28% 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 HIG.PRG, showing historical dividend payments on Hartford Financial Services Group Inc.’s 6.000% Non-Cumulative Preferred Stock, Series G :
Free Report: Top 8%+ Dividends (paid monthly)
In Friday trading, Hartford Financial Services Group Inc.’s 6.000% Non-Cumulative Preferred Stock, Series G (Symbol: HIG.PRG) is currently off about 0.3% on the day, while the common shares (Symbol: HIG) are down about 2.6%.
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