Prudential's Preference Shares Cross Above 6.5% Yield Territory
July 16, 2014 at 14:33 PM EDT
In trading on Wednesday, shares of Prudential plc's 6.75% Perpetual Subordinated Capital Securities Exchangeable at the Issuer's Option into Non-Cumulative Dollar Denominated Preference Shares (PUK. R) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $25.91 on the day.