The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 28, 8:07 AM

Slide #9. People's United Financial, Inc. Secondary Offering

Company: People's United Financial, Inc. (NASDAQ:PBCT)
Date announced: 10/24/2016
Shares Offered: 10,000,000
Date of Pricing: 10/24/2016
Price Per Share: $25.00
Secondary Offering Details: People's United Financial, Inc. (NASDAQ: PBCT) today announced that it has priced a public offering of 10,000,000 shares, or $250 million in aggregate liquidation preference, of its fixed-to-floating rate non-cumulative perpetual preferred stock, Series A, par value $0.01 per share, with a liquidation preference of $25.00 per share (the "Preferred Stock"). When, as and if declared by the board of directors, dividends on the shares of Preferred Stock will accrue and be payable from the date of original issuance to, but excluding December 15, 2026 at a rate of 5.625% per annum, payable quarterly in arrears, and from and including December 15, 2026, dividends will be payable at a floating rate equal to three-month LIBOR plus a spread of 4.02% per annum, payable quarterly in arrears.

People's United Financial is a savings and loan holding company. Through its bank subsidiary, People's United Bank, and other subsidiaries, Co. provides commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Co.'s banking activities are conducted primarily within New England and southeastern New York, and include extending secured and unsecured commercial and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits. As of Dec 31 2015, Co. had total assets of $38.88 billion and total deposits of $28.42 billion.

Peoples United Financial SEC Filing Email Alerts Service

Open the PBCT Page at The Online Investor »

Company Name:  People's United Financial Inc
Stock buyback:  PBCT buyback
Sector:  Banking & Savings
Number of ETFs Holding PBCT:  86
Total Market Value Held by ETFs:  $814.25M
Total Market Capitalization:  $5.06B
% of Market Cap. Held by ETFs:  16.09%

Open the PBCT Page at The Online Investor (in a new window) »

October 28, 2016    8:07 AM Eastern
Quotes delayed 20 minutes

Sell (1.12 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.