MGRE · Affiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 03/30/2064, cumulative · dividend, yield to call and par
Summary
MGRE is a cumulative preferred of Affiliated Managers Group, Inc. Par is $25.00. The coupon is 6.75%, fixed, paid as $0.4219 a quarter. It is not callable. The issuer is an operating company rated investment grade. The score is 6.3, Average.
4 payments a year. 11 paid since 2024, the amount varies.
Payments ↓The issuer holds no redemption right, so the yield to worst is the current yield. With the coupon fixed, a one-point move in rates shifts the price about 13%.
Price history ↓6.75% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The coverage & protection pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 29, 2027 | 03/30/27 | $0.4219 | 0.0% | estimated from the coupon |
| Dec 29, 2026 | 12/30/26 | $0.4219 | 0.0% | declared |
| Sep 29, 2026 | 09/30/26 | $0.4219 | 0.0% | paid |
| Jun 29, 2026 | 06/30/26 | $0.4219 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| MGRE this pageAffiliated Managers Group, Inc. 6.750% Junior Subordinated Notes due 03/30/2064 | 7.94% | 6.75% | Investment grade | None | 6.3 |
| BEP-ABrookfield Renewable Partners L.P. 5.25% Class A Preferred Ltd Partnership Units Series 17 | 7.72% | 5.25% | Investment grade | Callable now | 7.3 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about MGRE
How much does MGRE pay, and how often?
MGRE pays $1.69 a share a year. That is 6.75% of the $25.00 face value. At the November 9 close of $21.26, it is a 7.94% current yield.
When is MGRE’s next ex-dividend date?
December 29, 2026. The $0.42 payment is payable December 30. Affiliated Managers Group, Inc has declared it.
Are MGRE’s payments qualified dividends?
No. MGRE is a bond, so it pays interest, which is taxed as ordinary income.
Can MGRE be called?
No. MGRE has no call date.
Does MGRE have a maturity date?
No. MGRE is perpetual. Affiliated Managers Group, Inc is not required to repay the $25.00 on any date.
What is MGRE’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is MGRE’s Income Quality Score?
MGRE scores 6.3 out of 10, in the Average tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Coverage and protection is the lowest, at 4.6. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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