Equitable Holdings’ (EQH.PRA) Series A preferred stock’s yield on Monday beat the Financials industry’s average yield of 7.13%, yielding more than 7% based on an annualized quarterly dividend of $1.3125 and a low stock price of $18.75. This performance is in stark contrast to the industry average and highlights EQH. Powerful performance of PRA.
The closing price of the preferred stock was at a discount of 23.88% to the liquidation preference amount, which was a significant deviation from the average discount of 14.89% for the category. This suggests that investors are pricing EQH’s risk higher. How PRA compares to other preferred stocks in the financial sector.
EQH. The PRA is non-cumulative, meaning there is no obligation to pay missed dividends until ordinary dividends are reinstated. This feature distinguishes it from cumulative preferred stock, in which any dividends foregone must be paid before common stockholders receive any dividends.
Monday, EQH values. PRA edged down 0.2%, a smaller drop compared with Equitable Ordinary Shares (EQH), which fell a larger 4.1%. Despite the decline in value, EQH. PRA’s yields remain competitive in the financial sector.
EQH’s historical dividend payments chart. The PRA provides further insight into a stock’s past performance, although specific details are not disclosed in the context provided.
More information about InvestingPro
InvestingPro has some insightful data and tips based on the recent performance of Series A Preferred Stock (EQH.PRA). According to InvestingPro data, as of the third quarter of 2023, the company had a market value of $9.02 billion and a price-to-earnings ratio of 5.91. It is worth noting that the company’s revenue during the same period was US$11.91 billion and gross profit was US$3.746 billion.
Two key tips from InvestingPro are particularly important. First, EQH management has been actively repurchasing stock, which could be a positive sign for investors as it shows management is confident in the company’s low valuation. Second, EQH provides a high return on invested capital, which is a measure of how well a company uses capital to generate profits.
It’s worth noting that these are just two of the many valuable tips available on InvestingPro. For more insights and tips, consider exploring InvestingPro’s comprehensive platform.
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