Duke Energy's Series A Preferred Stock Crosses Above 6% Yield Territory

In trading on Friday, shares of Duke Energy Corp's 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: DUK.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $23.94 on the day. This compares to an average yield of 7.01% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, DUK.PRA was trading at a 3.80% discount to its liquidation preference amount, versus the average discount of 24.10% in the "Utilities" category. Below is a dividend history chart for DUK.PRA, showing historical dividend payments on Duke Energy Corp's 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock: In Friday trading, Duke Energy Corp's 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: DUK.PRA) is currently down about 0.5% on the day, while the common shares (Symbol: DUK) are off about 0.8%.

Duke Energy's Series A Preferred Stock Crosses Above 6% Yield Territory

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