People's United Financial's Preferred stock, Series A Shares Cross 5% Yield Mark
September 20, 2019 at 14:07 PM EDT
In trading on Friday, 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 $27.77 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel..