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CenterPoint Energy's Series B Preferred Stock Crosses Above 5% Yield Territory

By Preferred Stock Channel Staff, Monday, September 21, 2:49 PM ET
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In trading on Monday, shares of CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock (NYSE:CNP.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.50), with shares changing hands as low as $35.80 on the day. This compares to an average yield of 6.00% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, CNP.PRB was trading at a 28.04% discount to its liquidation preference amount, versus the average premium of 15.14% in the "Utilities" category.

The chart below shows the one year performance of CNP.PRB shares, versus CNP:

Performance Comparison Chart

Below is a dividend history chart for CNP.PRB, showing historical dividend payments on CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock:


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In Monday trading, CenterPoint Energy, Inc's 7.00% Series B Mandatory Convertible Preferred Stock (NYSE:CNP.PRB) is currently off about 0.2% on the day, while the common shares (NYSE:CNP) are down about 0.2%.


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