Cadence Bank's Series A Preferred Stock Yield Pushes Past 6.5%

In trading on Wednesday, shares of Cadence Bank's 5.50% Series A Non-Cumulative Perpetual Preferred Stock (Symbol: CADE.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $20.69 on the day. This compares to an average yield of 6.55% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, CADE.PRA was trading at a 12.76% discount to its liquidation preference amount, versus the average discount of 10.47% 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 CADE.PRA shares, versus CADE:

Below is a dividend history chart for CADE.PRA, showing historical dividend payments on Cadence Bank's 5.50% Series A Non-Cumulative Perpetual Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Cadence Bank's 5.50% Series A Non-Cumulative Perpetual Preferred Stock (Symbol: CADE.PRA) is currently off about 1.7% on the day, while the common shares (Symbol: CADE) are up about 1.1%.

Also see: • Information Technology Services Dividend Stocks
• Institutional Holders of HJUL
• POLA shares outstanding history


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