CNB Financial Corp.'s Non-Cumulative Preferred Stock Crosses Above 8% Yield Territory
July 01, 2024 at 14:16 PM EDT
In trading on Monday, shares of CNB Financial Corp.'s 7.125% Dep Shares Ser A Non-Cumulative Preferred Stock (CCNEP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $22.15 on the day. This compares to an average yield of 6.70% in the "Financial" preferred stock category, according to Preferred Stock Channel..
