People's United Financial's Preferred stock, Series A Shares Cross 6% Yield Mark
December 06, 2018 at 14:08 PM EST
In trading on Thursday, shares of People's United Financial Inc's Fixed-to-floating rate non-cumulative perpetual preferred stock, Series A (PBCTP) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $23.38 on the day. This compares to an average yield of 6.05% in the "Financial" preferred stock category, according to Preferred Stock Channel..