Bank of America’s Preferred Stock, Series HH Shares Cross 6.5% Yield Mark

In trading on Wednesday, shares of Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH (Symbol: BAC.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $22.57 on the day. This compares to an average yield of 7.24% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRK was trading at a 9.48% discount to its liquidation preference amount, versus the average discount of 16.78% 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 BAC.PRK shares, versus BAC:


Below is a dividend history chart for BAC.PRK, showing historical dividend payments on Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH :



Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH (Symbol: BAC.PRK) is currently down about 0.3% on the day, while the common shares (Symbol: BAC) are off about 0.3%.

Also see:

• Preferreds of SAFE Dividend Stocks
• Top Ten Hedge Funds Holding ZUO
• AppTech Payments Historical Earnings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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In trading on Wednesday, shares of Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH (Symbol: BAC.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $22.57 on the day. This compares to an average yield of 7.24% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRK was trading at a 9.48% discount to its liquidation preference amount, versus the average discount of 16.78% 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 BAC.PRK shares, versus BAC:

Below is a dividend history chart for BAC.PRK, showing historical dividend payments on Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH :

Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Bank of America Corp’s 5.875% Non-Cumulative Preferred Stock, Series HH (Symbol: BAC.PRK) is currently down about 0.3% on the day, while the common shares (Symbol: BAC) are off about 0.3%.

Also see:
• Preferreds of SAFE Dividend Stocks
• Top Ten Hedge Funds Holding ZUO
• AppTech Payments Historical EarningsThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/bank-of-americas-preferred-stock-series-hh-shares-cross-6.5-yield-mark Bank of America’s Preferred Stock, Series HH Shares Cross 6.5% Yield Mark

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