Stifel Financial's Preferred Stock Series C Yield Pushes Past 6.5%

In trading on Wednesday, shares of Stifel Financial Corporation's 6.125% Dep Shares Non-Cumulative Preferred Stock Series C (Symbol: SF.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $23.39 on the day. This compares to an average yield of 6.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, SF.PRC was trading at a 5.32% discount to its liquidation preference amount, versus the average discount of 9.86% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of SF.PRC shares, versus SF:

Below is a dividend history chart for SF.PRC, showing historical dividend payments on Stifel Financial Corporation's 6.125% Dep Shares Non-Cumulative Preferred Stock Series C: Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Stifel Financial Corporation's 6.125% Dep Shares Non-Cumulative Preferred Stock Series C (Symbol: SF.PRC) is currently off about 0.7% on the day, while the common shares (Symbol: SF) are up about 4.5%.

Also see: • Institutional Holders of BKEM
• Top Ten Hedge Funds Holding HEUS
• SHOT market cap history