US Bancorp’s USB.PRR 4.00% preferred shares traded with an implied yield above 6.5%, based on an annualized dividend of $1.00. Shares reportedly changed hands as low as $15.37 during Tuesday trading, indicating the security is priced at a discount versus par. The move appears more valuation/yield-driven than tied to new fundamentals in this excerpt.
US Bancorp’s USB.PRR 4.00% preferred shares traded with an implied yield above 6.5%, based on an annualized dividend of $1.00. Shares reportedly changed hands as low as $15.37 during Tuesday trading, indicating the security is priced at a discount versus par. The move appears more valuation/yield-driven than tied to new fundamentals in this excerpt.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
Ticker Sentiment
