Truist Financial Corp’s Series O Preferred Stock (TFC.PRO) recently saw its yield cross above 6%, trading at a discount to its liquidation preference. The shares are non-cumulative, meaning missed dividend payments do not have to be made up before common dividends resume.
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Truist Financial's Series O Preferred Stock Crosses Above 6% Yield Territory
Truist Financial Corp’s Series O Preferred Stock (TFC.PRO) recently saw its yield cross above 6%, trading at a discount to its liquidation preference. The shares are non-cumulative, meaning missed dividend payments do not have to be made up before common dividends resume.