Hartford Insurance Group’s Preferred Stock, Series G Shares Cross 6% Yield Mark

In trading on Monday, shares of Hartford Insurance Group Inc’s 6.000% Non-Cumulative Preferred Stock, Series G (Symbol: HIG.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.91 on the day. This compares to an average yield of 6.50% in the “Financial” preferred stock category, according to Preferred Stock Channel. As of last close, HIG.PRG was trading at a 0.88% premium to its liquidation preference amount, versus the average discount of 9.10% 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.

Below is a dividend history chart for HIG.PRG, showing historical dividend payments on Hartford Insurance Group Inc’s 6.000% Non-Cumulative Preferred Stock, Series G :

In Monday trading, Hartford Insurance Group Inc’s 6.000% Non-Cumulative Preferred Stock, Series G (Symbol: HIG.PRG) is currently up about 0.7% on the day, while the common shares (Symbol: HIG) are trading flat.