American Equity Investment Life Holding Preferred Shares, Series A, Outperform Yield Territory by 5.5%
IOn Tuesday trading, shares of American Equity Investment Life Holding Co. 5.95% non-cumulative fixed rate reset preferred stock, Series A (ticker: AEL.PRA) fell above the 5.5 mark % based on its quarterly dividend (annualized at $ 1.4875), with stocks changing hands for as little as $ 27.00 a day. This compares to an average return of 5.24% in the “Financial” preferred share category, according to Favorite Stock Channel. At the last closing, AEL.PRA traded with a premium of 10.00% over the amount of its liquidation preference, against an average premium of 6.49% in the “Financial” category. Investors should keep in mind that stocks are not cumulative, which means 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 an ordinary dividend.
The graph below shows the one-year performance of AEL.PRA shares, compared to AEL:
Below is a dividend history chart for AEL.PRA, showing historical dividend payouts on American Equity Investment Life 5.95% Fixed Rate Resetting Non-Cumulative Preferred Shares Series A:
As of Tuesday’s trading session, American Equity Investment Life Holding Co’s 5.95% fixed rate reset non-cumulative preferred shares (ticker: AEL.PRA) are currently down about 1.8% on this day. there, while common stocks (ticker: AEL) are trading flat.
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