AmeriServ Financial's Securities, Series A Shares Cross 8% Yield Mark

In trading on Monday, shares of AmeriServ Financial Inc.'s 8.45% Beneficial Unsecured Securities, Series A (ASRVP) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1125), with shares changing hands as low as $26.01 on the day. This compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ASRVP was trading at a 9.80% premium to its liquidation preference amount, versus the average discount of 3.08% in the "Financial" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of ASRVP shares, versus ASRV:

Performance Comparison Chart

Below is a dividend history chart for ASRVP, showing historical dividend payments on AmeriServ Financial Inc.'s 8.45% Beneficial Unsecured Securities, Series A:

ASRVP+Dividend+History+Chart

In Monday trading, AmeriServ Financial Inc.'s 8.45% Beneficial Unsecured Securities, Series A ( ASRVP) is currently down about 4.2% on the day, while the common shares ( ASRV) are trading flat.

null

More from Stocks

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Stocks Trade Lower as 10-Year Yield Hits 3%

Stocks Trade Lower as 10-Year Yield Hits 3%

Jim Cramer: Hasbro Told You They Weren't Going to Make the Quarter

Jim Cramer: Hasbro Told You They Weren't Going to Make the Quarter

Jim Cramer: Tariffs and 3% Yield Obsession Are Preventing Stocks From Rising

Jim Cramer: Tariffs and 3% Yield Obsession Are Preventing Stocks From Rising

Spotify Announces Major Upgrade to Free Mobile App

Spotify Announces Major Upgrade to Free Mobile App