Customers Bancorp Series F (CUBI PRF)
Banks Don't Pay Interest? Think Again! 🤔
Today, we’re introducing a preferred stock from the U.S. bank Customers Bancorp (CUBI) that might make you reconsider.
Key Details:
Quarterly Dividend: $0.63
Current Price: $25.25
This type of financial instrument is a favorite of Warren Buffett, particularly when issued by banks. What makes this preferred stock even more attractive is its 10% annual yield.
About Customers Bancorp:
Customers Bancorp operates on the U.S. East Coast, from Boston to Washington, offering:
- Standard credit and deposit products
- Mobile banking services in collaboration with T-Mobile
The bank is well-capitalized, boasting over $20 billion in assets, and was named the best-performing bank of 2024 in its category by American Banker.
Why Invest?
This preferred stock offers an exceptional 10% annual yield, making it a great choice even for conservative investors seeking steady income. The bank retains the right to redeem these preferred shares at $25 plus accrued dividends at any time.
