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%.
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