Hewlett Packard Enterprise's Series C Preferred Stock Yield Pushes Past 5%
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Hewlett Packard Enterprise's 7.625% Series C Mandatory Convertible Preferred Stock (HPE.PRC) yielded over 5% on Thursday, with shares trading as low as $74.17. This yield surpasses the average of 4.78% in the Technology category. HPE.PRC is trading at a 52.94% premium to its liquidation preference, compared to the average premium of 31.92%. The preferred shares are convertible with a ratio of 2.5352 - 3.1056. On the day, HPE.PRC was down 2.8%, while common shares (HPE) fell 1.8%.
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