Hatteras Financial's Series A Preferred Stock Shares Cross 8% Yield Mark

In trading on Wednesday, shares of Hatteras Financial Corp's 7.625% Series A Cumulative Redeemable Preferred Stock (HTS.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $23.60 on the day. This compares to an average yield of 6.97% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, HTS.PRA was trading at a 3.52% discount to its liquidation preference amount, versus the average premium of 2.80% in the "Real Estate" category.

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

The chart below shows the one year performance of HTS.PRA shares, versus HTS:

Performance Comparison Chart

Below is a dividend history chart for HTS.PRA, showing historical dividend payments on Hatteras Financial Corp's 7.625% Series A Cumulative Redeemable Preferred Stock:

HTS.PRA+Dividend+History+Chart

In Wednesday trading, Hatteras Financial Corp's 7.625% Series A Cumulative Redeemable Preferred Stock ( HTS.PRA) is currently off about 1.7% on the day, while the common shares ( HTS) are down about 1.1%.

More from Stocks

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric