Regions Financial's Series E Preferred Stock Shares Cross 7% Yield Mark

In trading on Tuesday, shares of Regions Financial Corp's 4.45% Dep Shares Series E Non-Cumulative Prfd Stock (Symbol: RF.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.1125), with shares changing hands as low as $15.39 on the day. This compares to an average yield of 7.13% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, RF.PRE was trading at a 36.08% discount to its liquidation preference amount, versus the average discount of 15.63% 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. Below is a dividend history chart for RF.PRE, showing historical dividend payments on Regions Financial Corp's 4.45% Dep Shares Series E Non-Cumulative Prfd Stock: In Tuesday trading, Regions Financial Corp's 4.45% Dep Shares Series E Non-Cumulative Prfd Stock (Symbol: RF.PRE) is currently off about 3% on the day, while the common shares (Symbol: RF) are off about 1.4%. Click here to find out the 50 highest yielding preferreds » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This data feed is not available at this time.