Cadence Bank's Series A Preferred Stock Yield Pushes Past 7%
April 16, 2024 at 14:21 PM EDT
In trading on Tuesday, 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 $19.63 on the day.