Morgan Stanley Preferred Share Series L Yield Exceeds 6%


IIn Monday’s trading, Morgan Stanley’s 4.875% Non-Cumulative Preferred Stock Series L (ticker: MS.PRL) was selling above the 6% mark based on its quarterly dividend (annualized at 1. $2188), with shares changing hands as low as $20.26 on the day. That compares to an average return of 5.89% in the “financial” preferred stock category, according to Preferred Stock Channel. As of last close, MS.PRL was trading at an 18.48% discount to its preferential liquidation amount, compared to an average discount of 8.73% in the “Financial” category. Investors should keep in mind that stocks are not cumulativemeaning that in the event of a missed payment, the company does not have to pay the balance of the missed dividends to preferred shareholders before resuming a common dividend.

Below is a historical dividend chart for MS.PRL, showing historical dividend payments on the 4.875% NON-CUMULATIVE PREFERRED SHARES SERIES L of Morgan Stanley:

MS.PRL+Dividend+Historical+Chart

On Monday, Morgan Stanley 4.875% NON-CUMULATIVE PREFERRED SHARES, SERIES L (ticker: MS.PRL) is currently up about 1.2% on the day, while common stocks (ticker: MS) are up increase of approximately 0.1%.

Click here to check out the top 50 favorites »

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


nasdaq

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button