Principal Financial Group 6.518% Fixed to Floating Non Cumulative Preferred Stock
By: Tim McPartland,
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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