People’s United Financial Inc. 5.625% Fixed-to-Floating Non Cumulative Perpetual Preferred Stock Series A

By: ,

Date Issued  10/24/2016

Shares Issued   10,000,000      Overallotment Shares  None

S&P Rating   BB+   Moodys Rating   Ba1


Security Ticker Symbol   PBCTP       OTC Grey Market Ticker  PPLUP

Market Traded ON   NASDAQ

Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016

Quarterly Dividend   .352   Annual Dividend   1.406

Dividend rate is fixes at 5.625% until 12/14/2026.  After this date the dividend rate will float at a rate of 3 month libor plus 4.02%

Securities may be redeemed, at the issuers option, as early as 12/15/2026  the call price is $25 plus accrued dividends

Dividend Payment will be Qualified Distributions

Maturity Date   None



Company Investor Relations Page for People’s United Financial Inc.

Click here for the offering Prospectus and/or Final Pricing Document


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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