Featured Articles
Bank of America Floating Rate (3% Min) Non Cumulative Preferred Stock
Tim McPartland | August 25, 2013
Originally issued by Merrill LynchS&P Rating BB+ Moodys Rating NRSecurity Ticker Symbol BML-HMarket Traded ON NYSEDividend Payment Paid on the 28th of February, May, August and November beginning on 05/31/2005Quarterly Dividend .188 Annual Dividend .750Dividends will float at a rate of 3 month libor plus .65% or a minimum of 3%Securities may be redeemed, at the issuers…
Preferred Stock Definitions
Tim McPartland | August 22, 2013
Callable - see redeemable below. Sometimes used to describe a 'redeemable' issue. Change of Control - If a company is bought or someone purchases a controlling interest many preferred stocks have provisions for holders to redeem their shares (circumstances vary). Contingent Voting - In certain circumstances preferred shareholders receive a vote--typically after dividends have been suspended for some predetermined amount of time.…
Aspen Insurance Holdings LTD 7.401% Perpetual Non Cumulative Preferred Stock
Tim McPartland | August 22, 2013
S&P Rating BBB- Moodys Rating Ba1 Security Ticker Symbol AHL-A Market Traded ON NYSE Dividend Payment Paid on the 1st of January, April, July and October beginning on 01/01/2007 Quarterly Dividend .463 Annual Dividend 1.850 Securities may be redeemed, at the issuers option, as early as 01/01/2017 for a redemption price of $25/share plus accrued dividends. Beginning 01/01/2017…
Wells Fargo 5.125% Non Cumulative, Perpetual Preferred Stock
Tim McPartland | August 22, 2013
S&P Rating BBB+ Moodys Rating Baa3Security Ticker Symbol WFC-OMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 06/15/2013Quarterly Dividend .320 Annual Dividend 1.281Securities may be redeemed, at the issuers option, as early as 12/15/2017 for a redemption price of $25/share plus accrued dividendsDividend Payment Will Likely be a Qualified DistributionMaturity Date None Company…
Wells Fargo 8% Non Cumulative, Perpetual Preferred Stock
Tim McPartland | August 22, 2013
Originally Issued by WachoviaS&P Rating BBB+ Moodys Rating Baa3Security Ticker Symbol WFC-JMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 3/15/2008Quarterly Dividend .500 Annual Dividend 2.000Securities may be redeemed, at the issuers option, as early as 12/15/2017 for a redemption price of $25/share plus accrued dividendsDividend Payment Will Likely be a Qualified DistributionMaturity…
