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Citigroup offers two preferred stocks with strong coverage but varying risk and yield profiles.

Analyst Insights
20 Jun 2026
Seeking Alpha
View Source
Neutral
Citigroup offers two preferred stocks with strong coverage but varying risk and yield profiles.

Citigroup Inc. provides investors with two preferred stock options: C.PR.R with a fixed 6.25% yield and C.PR.N featuring a 7.875% fixed/floating rate. Both have strong coverage ratios above 10x, indicating solid dividend safety. However, C.PR.N's trust structure allows interest payments that can be deferred for up to 20 quarters, adding risk despite a Buy rating. C.PR.R is rated Hold due to its average yield. Investors should consider interest rate risks, coupon structures, and call features when including these preferred stocks in their portfolios.

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