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home / news releases / HWCPZ - New Preferred Stock IPOs - June 2020


HWCPZ - New Preferred Stock IPOs - June 2020

June's thirteen new preferred stocks are offering an average annual dividend (coupon) of 6.8 percent, an average current yield (which does not consider reinvested dividends or capital gain/loss) of 6.8 percent and an average Yield-To-Call (which does consider reinvested dividends and capital gain/loss) of 7.0 percent (using June 30 prices).

Note that I am using IPO date here, rather than the date on which retail trading started. The IPO date is the date that the security's underwriters purchased the new shares from the issuing company.

A special note regarding preferred stock trading symbols: Annoyingly, unlike

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Stock Information

Company Name: Hancock Whitney Corporation 6.25% Subordinated Notes due 2060
Stock Symbol: HWCPZ
Market: NASDAQ

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