In trading on Wednesday, shares of the 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) traded above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.91 on the day. This compares with an average return of 6.79% in the preferred stock category “Utilities”, according to Preferred Stock Channel. As of last close, NI.PRB traded at a 1.40% premium to its liquidation preference amount, versus the average discount of 18.87% in the “Utilities” category.
The chart below shows the one-year performance of NI.PRB shares, against NI:
Below is a dividend history chart for NI.PRB, showing historical dividend payments on NiSource Inc.’s 6.50% Series B Fixed Rate Reset Cumulative Redeemable Perpetual Preferred Stock:
In Wednesday trading, NiSource Inc.’s 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Symbol: NI.PRB) is currently up 0.1% on the day, while the common stock (Symbol: NI) is up . about 0.2%.
See also:
• Department Store Dividend Stocks
• EWC market cap history
• YRD Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.