Preferred Stock Issues – When Is The Risk Worth The Reward?

Rupert Hargreaves

Published onOctober 5, 2013

Updated on May 13, 2021

Banco Santander, S.A. (NYSE:SAN) Fixed-to-Floating Non-Cumulative Guaranteed Series 11 Preferred Securities (NYSE:SAN.PRF)

Table of Contents

Current yield: 10.50%

Liquidation preference: $1,000

Recent market price: $1,000

Total value of preferred stock issued at the end of Q2 2013: EUR 5.4 billion.

First half 2013 EBIT: EUR 10.6 billion

Banco Santander, S.A. (NYSE:SAN) offers two types of preferred stock, the 10.5 percent listed here and another issue offering around 8 percent. Santander is one of the Eurozone's most stable banks and yield on its preferred stock is easily...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Preferred Stock Issues – When Is The Risk Worth The Reward?

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