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Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities Shares Cross 7% Yield Mark

By Preferred Stock Channel Staff, Friday, January 11, 2:34 PM ET
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In trading on Friday, shares of Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (NYSE:C.PRN) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $28.11 on the day. This compares to an average yield of 5.23% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRN was trading at a 13.28% premium to its liquidation preference amount, versus the average premium of 2.79% in the "Financial" category.

The chart below shows the one year performance of C.PRN shares, versus C:

Performance Comparison Chart

Below is a dividend history chart for C.PRN, showing historical dividend payments on Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities:


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In Friday trading, Citigroup Inc's 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (NYSE:C.PRN) is currently down about 0.6% on the day, while the common shares (NYSE:C) are off about 1.8%.

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