Taylor Capital Group's Preferred Securities Shares Cross 9.5% Yield Mark

In trading on Friday, shares of Taylor Capital Group, Inc's TAYC Capital Trust I 9.75% Preferred Securities ( TAYCP) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.4375), with shares changing hands as low as $25.63 on the day. This compares to an average yield of 6.81% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, TAYCP was trading at a 3.60% premium to its liquidation preference amount, versus the average discount of 7.73% in the "Banking & Savings" category.

The chart below shows the one year performance of TAYCP shares, versus TAYC:

Performance Comparison Chart

Below is a dividend history chart for TAYCP, showing historical dividend payments on Taylor Capital Group, Inc's TAYC Capital Trust I 9.75% Preferred Securities :

TAYCP+Dividend+History+Chart

In Friday trading, Taylor Capital Group, Inc's TAYC Capital Trust I 9.75% Preferred Securities ( TAYCP) is currently down about 1.1% on the day, while the common shares ( TAYC) are up about 1.2%.
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