Tag Archives: PRA

Business, Finance, Occupation & Industry

OFG Bancorp's Non-Cumulative Monthly Income Preferred Stock, Series A Shares Cross 7% Yield Mark

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By DividendChannel.com

In trading on Tuesday, shares of OFG Bancorp’s 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (NYSE: OFG.PRA) were yielding above the 7% mark based on its monthly dividend (annualized to $1.7812), with shares changing hands as low as $25.17 on the day. This compares to an average yield of 5.35% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, OFG.PRA was trading at a 2.40% premium to its liquidation preference amount, versus the average premium of 0.68% 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.
Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com » …read more

Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Ex-Div Reminder for JPMorgan Chase Non-Cumulative Preferred Stock, Series P

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By DividendChannel.com

On 7/31/13, JPMorgan Chase & Co.’s 5.45% Non-Cumulative Preferred Stock, Series P (NYSE: JPM.PRA) will trade ex-dividend, for its quarterly dividend of $0.3406, payable on 9/1/13. As a percentage of JPM.PRA’s recent share price of $23.43, this dividend works out to approximately 1.45%, so look for shares of JPM.PRA to trade 1.45% lower ? all else being equal ? when JPM.PRA shares open for trading on 7/31/13. On an annualized basis, the current yield is approximately 5.81%, which compares to an average yield of 5.27% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more

Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

A.M. Best Withdraws Ratings of Medmarc Insurance Company Due to Legal Merger

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By Business Wirevia The Motley Fool

Filed under:

A.M. Best Withdraws Ratings of Medmarc Insurance Company Due to Legal Merger

OLDWICK, N.J.–(BUSINESS WIRE)– A.M. Best Co. has withdrawn the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Medmarc Insurance Company (Medmarc) due to its merger into Medmarc Casualty Insurance Company (Medmarc Casualty), an affiliated company. ProAssurance Corporation (PRA) (Birmingham, AL) (NYS: PRA) acquired Medmarc and Medmarc Casualty effective January 1, 2013, and both companies are domiciled in Montpelier, VT.

At the time of the merger all of the assets and liabilities of Medmarc were merged into Medmarc Casualty. The ratings of PRA and Medmarc Casualty are unaffected by this transaction.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

A.M. Best Co.
Robert Raber, 908-439-2200, ext. 5696
Financial Analyst
robert.raber@amest.com
or
Henry Witmer,908-439-2200, ext. 5097
Assistant Vice President
henry.witmer@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

KEYWORDS:   United States  Europe  North America  Alabama  New Jersey  Vermont

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ex-Div Reminder for Saul Centers Series A Cumulative Redeemable Preferred Stock

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By DividendChannel.com

On 4/3/13, Saul Centers, Inc.’s 8% Series A Cumulative Redeemable Preferred Stock (NYSE: BFS.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 4/15/13. As a percentage of BFS.PRA‘s recent share price of $26.00, this dividend works out to approximately 1.92%, so look for shares of BFS.PRA to trade 1.92% lower ? all else being equal ? when BFS.PRA shares open for trading on 4/3/13. On an annualized basis, the current yield is approximately 7.70%, which compares to an average yield of 6.59% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

CapLease Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

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By DividendChannel.com

On 4/2/13, CapLease Inc’s 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: LSE.PRA) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 4/15/13. As a percentage of LSE.PRA‘s recent share price of $25.61, this dividend works out to approximately 1.98%, so look for shares of LSE.PRA to trade 1.98% lower ? all else being equal ? when LSE.PRA shares open for trading on 4/2/13. On an annualized basis, the current yield is approximately 7.94%, which compares to an average yield of 6.59% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

The Gabelli Healthcare & Wellness Series A Cumulative Preferred Shares Ex-Dividend Reminder

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By DividendChannel.com

On 3/15/13, The Gabelli Healthcare & Wellness 5.76% Series A Cumulative Preferred Shares (NYSE: GRX.PRA) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 3/26/13. As a percentage of GRX.PRA‘s recent share price of $27.37, this dividend works out to approximately 1.32%, so look for shares of GRX.PRA to trade 1.32% lower ? all else being equal ? when GRX.PRA shares open for trading on 3/15/13. On an annualized basis, the current yield is approximately 5.27%, which compares to an average yield of 3.08% in the “ETFs & CEFs” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

National Healthcare Corp.'s Series A Convertible Preferred Stock Ex-Dividend Reminder

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By DividendChannel.com

On 3/13/13, National Healthcare Corp.’s Series A Convertible Preferred Stock (AMEX: NHC.PRA) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 4/15/13. As a percentage of NHC.PRA‘s recent share price of $15.38, this dividend works out to approximately 1.30%, so look for shares of NHC.PRA to trade 1.30% lower ? all else being equal ? when NHC.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 5.16%, which compares to an average yield of 4.41% in the “Healthcare” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Oriental Financial Group's Monthly Income Preferred Stock, Series A Goes Ex-Dividend Soon

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By DividendChannel.com

On 3/13/13, Oriental Financial Group, Inc.’s 7.125% Noncumulative Monthly Income Preferred Stock, Series A (NYSE: OFG.PRA) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 4/1/13. As a percentage of OFG.PRA‘s recent share price of $25.16, this dividend works out to approximately 0.59%, so look for shares of OFG.PRA to trade 0.59% lower ? all else being equal ? when OFG.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 7.06%, which compares to an average yield of 5.48% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Ex-Div Reminder for Vornado Realty Trust's Series A Convertible Preferred Shares

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By DividendChannel.com

On 3/13/13, Vornado Realty Trust‘s $3.25 Series A Convertible Preferred Shares (NYSE: VNO.PRA) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 4/1/13. As a percentage of VNO.PRA‘s recent share price of $122.00, this dividend works out to approximately 0.67%, so look for shares of VNO.PRA to trade 0.67% lower ? all else being equal ? when VNO.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 2.67%, which compares to an average yield of 6.49% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Hartford Financial Services Group's Mandatory Convertible Preferred Stock, Series F Ex-Dividend Reminder

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By DividendChannel.com

On 3/13/13, Hartford Financial Services Group Inc.’s 7.25% Mandatory Convertible Preferred Stock, Series F (NYSE: HIG.PRA) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 4/1/13. As a percentage of HIG.PRA‘s recent share price of $24.01, this dividend works out to approximately 1.89%, so look for shares of HIG.PRA to trade 1.89% lower ? all else being equal ? when HIG.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 7.64%, which compares to an average yield of 5.48% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Post Properties Series A Preferred Shares Goes Ex-Dividend Soon

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By DividendChannel.com

On 3/13/13, Post Properties, Inc.’s 8 1/2% Series A Cumulative Redeemable Preferred Shares (NYSE: PPS.PRA) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 4/1/13. As a percentage of PPS.PRA‘s recent share price of $64.76, this dividend works out to approximately 1.64%, so look for shares of PPS.PRA to trade 1.64% lower ? all else being equal ? when PPS.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 6.47%, which compares to an average yield of 6.49% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Southern Company's Class A Preferred Stock, Non-Cumulative Goes Ex-Dividend Soon

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By DividendChannel.com

On 3/13/13, Southern Company’s 6 1/8% Series Class A Preferred Stock, Non-Cumulative (NYSE: GPE.PRA) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 4/1/13. As a percentage of GPE.PRA’s recent share price of $27.97, this dividend works out to approximately 1.37%, so look for shares of GPE.PRA to trade 1.37% lower ? all else being equal ? when GPE.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 5.48%, which compares to an average yield of 4.55% in the “Utilities” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Cash Dividend On The Way From Bank of Montreal's Non-Cumulative Dollar Preference Shares, Series A

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By DividendChannel.com

On 2/27/13, Bank of Montreal’s 6.20% Non-Cumulative Dollar Preference Shares, Series A (NYSE: HBC.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 3/15/13. As a percentage of HBC.PRA‘s recent share price of $25.43, this dividend works out to approximately 1.52%, so look for shares of HBC.PRA to trade 1.52% lower ? all else being equal ? when HBC.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 6.12%, which compares to an average yield of 5.07% in the “Banking & Savings” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Maiden Holdings Ltd's Non-Cumulative Preference Shares, Series A Ex-Dividend Reminder

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By DividendChannel.com

On 2/27/13, Maiden Holdings Ltd‘s 8.25% Non-Cumulative Preference Shares, Series A (NYSE: MH.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 3/15/13. As a percentage of MH.PRA‘s recent share price of $26.68, this dividend works out to approximately 1.93%, so look for shares of MH.PRA to trade 1.93% lower ? all else being equal ? when MH.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 7.74%, which compares to an average yield of 5.53% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

MFA Financial's Series A Preferred Stock About To Put More Money In Your Pocket

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By DividendChannel.com

On 2/27/13, MFA Financial, Inc.’s 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: MFA.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 4/1/13. As a percentage of MFA.PRA‘s recent share price of $26.34, this dividend works out to approximately 2.02%, so look for shares of MFA.PRA to trade 2.02% lower ? all else being equal ? when MFA.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 8.07%, which compares to an average yield of 6.50% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 3 Goes Ex-Dividend Soon

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By DividendChannel.com

On 2/27/13, Barclays PLC’s Non-Cumulative Callable Dollar Preference Shares, Series 3 (NYSE: BCS.PRA) will trade ex-dividend, for its quarterly dividend of $0.4437, payable on 3/15/13. As a percentage of BCS.PRA‘s recent share price of $25.68, this dividend works out to approximately 1.73%, so look for shares of BCS.PRA to trade 1.73% lower ? all else being equal ? when BCS.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 6.92%, which compares to an average yield of 5.07% in the “Banking & Savings” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Whiting Petroleum Corp's Convertible Perpetual Preferred Stock About To Put More Money In Your Pocket

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By DividendChannel.com

On 2/27/13, Whiting Petroleum Corp‘s 6.25% Convertible Perpetual Preferred Stock (NYSE: WLL.PRA) will trade ex-dividend, for its quarterly dividend of $1.5625, payable on 3/15/13. As a percentage of WLL.PRA‘s recent share price of $232.44, this dividend works out to approximately 0.67%, so look for shares of WLL.PRA to trade 0.67% lower ? all else being equal ? when WLL.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 2.82%, which compares to an average yield of 8.98% in the “Oil & Gas Exploration & Production” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Zions Bancorporation's Series A Preferred Stock Ex-Dividend Reminder

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By DividendChannel.com

On 2/27/13, Zions Bancorporation’s Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (NYSE: ZB.PRA) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 3/15/13. As a percentage of ZB.PRA‘s recent share price of $24.45, this dividend works out to approximately 1.02%, so look for shares of ZB.PRA to trade 1.02% lower ? all else being equal ? when ZB.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 4.14%, which compares to an average yield of 5.53% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

AngloGold Ashanti Subordinated Bonds Shares Cross 9% Yield Mark

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By DividendChannel.com

In trading on Friday, shares of AngloGold Ashanti Ltd’s 6.00% Mandatory Convertible Subordinated Bonds due 2013 (NYSE: AU.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $3.00), with shares changing hands as low as $32.88 on the day. This compares to an average yield of 6.50% in the “Metals & Mining” preferred stock category, according to Preferred Stock Channel. As of last close, AU.PRA was trading at a 31.50% discount to its liquidation preference amount, versus the average discount of 21.45% in the “Metals & Mining” category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.91954 to 1.14943.
Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com » …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Unisys Corp.'s Preferred Stock, Series A Goes Ex-Dividend Soon

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By DividendChannel.com

On 2/13/13, Unisys Corp.’s 6.25% Mandatory Convertible Preferred Stock, Series A (NYSE: UIS.PRA) will trade ex-dividend, for its quarterly dividend of $1.5625, payable on 3/1/13. As a percentage of UIS.PRA‘s recent share price of $69.79, this dividend works out to approximately 2.24%, so look for shares of UIS.PRA to trade 2.24% lower ? all else being equal ? when UIS.PRA shares open for trading on 2/13/13. On an annualized basis, the current yield is approximately 8.95%.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com » …read more
Source: FULL ARTICLE at Forbes Markets