Cadence Bank' Series A Preferred Stock Yield Pushes Past 7%
August 05, 2024 at 14:11 PM EDT
In trading on Monday, shares of Cadence Bank's 5.50% Series A Non-Cumulative Perpetual Preferred Stock (CADE. RA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $18.83 on the day.
