Principal Financial Group 6.518% Fixed to Floating Non Cumulative Preferred Stock

By: ,

 

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S&P Rating   BB+   Moodys Rating   Baa3

Security Ticker Symbol   PFG-B

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Market Traded ON   NYSE

Dividend Payment Paid on the 30th of March, June, September and December beginning on 09/30/2005

Quarterly Dividend   .408  Annual Dividend   1.630

Dividend is fixed until 6/30/2035 then floats at 2.10% plus the higher of 3 month libor, 10 year Constant Maturity Treasury rate or 30 year Constant Maturity Treasury rate.

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Securities may be redeemed, at the issuers option, as early as 06/30/2015 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Principal Financial Group

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Below you can find the offering Prospectus and 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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