Zions Bancorporations 6.3% Fixed to Floating Non Cumulative, Perpetual Preferred Stock
By: Tim McPartland,
S&P Rating BB Moodys Rating B1
Security Ticker Symbol ZB-G
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Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2013
Quarterly Dividend .3938 Annual Dividend 1.575
Fixed Rate Until 3/15/2023 then floating at a rate of 3 month Libor plus 4.24%
Securities may be redeemed, at the issuers option, as early as 03/15/2023 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Zions Bancorporation
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
