AmTrust Financial Services Preferred Stock, Series C Yield Pushes Past 7.5%

In trading on Wednesday, shares of AmTrust Financial Services Inc's 7.625% Non-Cumulative Preferred Stock, Series C (AFSI.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $25.36 on the day. This compares to an average yield of 5.67% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, AFSI.PRC was trading at a 2.96% premium to its liquidation preference amount, versus the average premium of 2.33% in the "Financial" 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 AFSI.PRC shares, versus AFSI:

Performance Comparison Chart

Below is a dividend history chart for AFSI.PRC, showing historical dividend payments on AmTrust Financial Services Inc's 7.625% Non-Cumulative Preferred Stock, Series C :

AFSI.PRC+Dividend+History+Chart

In Wednesday trading, AmTrust Financial Services Inc's 7.625% Non-Cumulative Preferred Stock, Series C ( AFSI.PRC) is currently down about 1.4% on the day, while the common shares ( AFSI) are off about 0.9%.

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