AT&T's Preferred Stock Series A Yield Pushes Past 6%

In trading on Thursday, shares of AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A (Symbol: T.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.61 on the day. This compares to an average yield of 6.51% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, T.PRA was trading at a 16.28% discount to its liquidation preference amount, versus the average discount of 15.33% in the "Utilities" category.

Below is a dividend history chart for T.PRA, showing historical dividend payments on AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A: Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, AT&T Inc's 5.00% Depositary Shares Perpetual Preferred Stock Series A (Symbol: T.PRA) is currently down about 0.5% on the day, while the common shares (Symbol: T) are up about 0.5%.

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