Barclays' Preference Shares, Series 4 Shares Cross 7.5% Yield Mark

In trading on Thursday, shares of Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 4 ( BCS.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $25.39 on the day. This compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, BCS.PRC was trading at a 3.48% premium to its liquidation preference amount, versus the average discount of 4.80% in the "Banking & Savings" 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.

The chart below shows the one year performance of BCS.PRC shares, versus BCS:

Performance Comparison Chart

Below is a dividend history chart for BCS.PRC, showing historical dividend payments on Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 4:

BCS.PRC+Dividend+History+Chart

In Thursday trading, Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 4 ( BCS.PRC) is currently up about 0.3% on the day, while the common shares ( BCS) are trading flat.

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