AmTrust Financial Services’ Preferred Stock, Series F Yield Pushes Past 8.5%

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In trading on Wednesday, shares of AmTrust Financial Services Inc’s 6.95% Non-Cumulative Preferred Stock, Series F (Symbol: AFSI.PRF) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.7375), with shares changing hands as low as $20.35 on the day. This compares to an average yield of 5.37% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, AFSI.PRF was trading at a 17.40% discount to its liquidation preference amount, versus the average premium of 7.09% in the “Financial” category. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of AFSI.PRF shares, versus AFSI: Performance Comparison Chart Below is a dividend history chart for AFSI.PRF, showing historical dividend payments on AmTrust Financial Services Inc’s 6.95% Non-Cumulative Preferred Stock, Series F : AFSI.PRF+Dividend+History+Chart In Wednesday trading, AmTrust Financial Services Inc’s 6.95% Non-Cumulative Preferred Stock, Series F (Symbol: AFSI.PRF) is currently off about 1.4% on the day, while the common shares (Symbol: AFSI) are trading flat.


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