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

By: ,

 

S&P Rating   BB+   Moodys Rating   Baa3

Security Ticker Symbol   PFG-B

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.

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

Below you can find the offering Prospectus and Final Pricing Document

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