People's United Financial's Preferred Stock, Series A Crosses Above 5% Yield Territory
August 01, 2017 at 14:12 PM EDT
In trading on Tuesday, shares of People's United Financial Inc's Fixed-to-floating rate non-cumulative perpetual preferred stock, Series A (PBCTP) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $27.74 on the day. This compares to an average yield of 5.47% in the "Financial" preferred stock category, according to Preferred Stock Channel..
