-A dividend of USD 325.000 per share on BB&T's Series G Non-Cumulative Perpetual Preferred Stock
(NYSE: BBT PrG)
Unlike plain-vanilla preferred stock
, convertible preferred sells at a price close to the market value of the common stock and tends to move in tandem with the common.
Because of this tax advantage, bonds generally have higher yields than preferred stocks
. The exceptions are offered by equity issuers with weaker credit ratings, which must offer an additional risk premium to entice investors.
A quarterly cash dividend of USD 17.50 per share was declared on its Noncumulative Perpetual Series E Preferred Stock
. This dividend equals USD 0.4375 per depositary share.
In accordance with the terms of Annaly's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
, the Board has declared a Series F Preferred Stock
cash dividend for the third quarter of 2018 of USD 0.434375 per share of Series F Preferred Stock
Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock
The bank has declared USD234.38 per share of Floating Rate Non-Cumulative Preferred Stock
, Series A; USD387.50 per share of 6.20 percent Non-Cumulative Preferred Stock
, Series B; USD250.00 per share of Floating Rate Non-Cumulative Preferred Stock
, Series C; and USD250.00 per share of Floating Rate Non-Cumulative Preferred Stock
, Series D.
A quarterly cash dividend of USD16.75 per share was declared on its noncumulative perpetual Series A preferred stock
. The Series A preferred stock
dividend is payable on June 30, 2016, to shareholders of record as of June 17, 2016.
o 10 percent non-cumulative non-voting perpetual preferred stock
, Series C - USD25.00 per share
"The Commission is cognizant of these conceptual problems in determining the appropriate accounting for and reporting of redeemable preferred stock
and believes that these matters can best be addressed by the Financial Accounting Standards Board (FASB)," the release states.
351(g) to treat certain types of preferred stock
as boot, referred to as "nonqualified preferred stock
." The purpose of this statutory change was to accord taxable treatment to stock that is functionally equivalent to debt.
USD387.50 per share of 6.20% Non-Cumulative preferred stock
, series B;