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

Wall Street Ignores $5 Billion EU Fine Against Alphabet

Wall Street Ignores $5 Billion EU Fine Against Alphabet

This Under the Radar Stock Picker Tells Jim Cramer He Is Bullish on Citigroup

This Under the Radar Stock Picker Tells Jim Cramer He Is Bullish on Citigroup

Stocks Push to Session Highs During Fed Chair's Congressional Testimony

Stocks Push to Session Highs During Fed Chair's Congressional Testimony

Wait, Google Was Almost Called What?

Wait, Google Was Almost Called What?

Microsoft and Walmart Should Merge to Pulverize Amazon: Rewind

Microsoft and Walmart Should Merge to Pulverize Amazon: Rewind