RZC · Reinsurance Group of America, Incorporated, 7.125% Reset Rate Subordinated Debentures due 10/15/2052, cumulative · dividend, yield to call and par
Summary
RZC is a cumulative preferred of Reinsurance Group of America, Incorporated. Par is $25.00. The coupon is 7.125%, fixed-rate reset, paid as $0.4450 a quarter. It becomes callable on Oct 15, 2027. The issuer is an operating company rated investment grade. The score is 5.5, Average.
4 payments a year. 18 paid since 2022, the amount varies.
Payments ↓Callable from Oct 2027 at $25.00, 11 months away. Above par, so the yield to call is the yield to worst.
Price history ↓7.13% today, set over 5-Year U.S. Treasury plus 3.46%. The Terms tab shows the reset and the level at which it breaks even.
Questions ↓Preferred equity, senior to the common and below every note and bond. The buyback economics pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 31, 2027 | 04/15/27 | $0.4453 | 0.0% | estimated from the last payment |
| Dec 31, 2026 | 01/15/27 | $0.4453 | +0.1% | declared |
| Oct 1, 2026 | 10/15/26 | $0.4450 | 0.0% | paid |
| Jul 1, 2026 | 07/15/26 | $0.4450 | -0.1% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| RZC this pageReinsurance Group of America, Incorporated, 7.125% Reset Rate Subordinated Debentures due 10/15/2052 | 6.98% | 7.125% | Investment grade | Oct 15, 2027 | 5.5 |
| WFC-LWells Fargo & Co., 7.50% Non-Cumul Perp Conv Cl A Preferred Stock, Series L | 7.00% | 7.5% | Investment grade | None | 7.3 |
| PSA-GPublic Storage, 5.05% Depositary Shares Cumulative Preferred Share Series G | 7.03% | 5.05% | Investment grade | None | 8.9 |
| WFC-ZWells Fargo & Co. 4.75% Dep Shares Non-Cumul Perp Cls A Preferred Stock Series Z | 6.91% | 4.75% | Investment grade | None | 6.7 |
| BAC-BBank of America Corp., 6.00% Dep Shares Non-Cumulative Preferred Stock Series GG | 6.82% | 6% | Investment grade | None | 6.8 |
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 RZC
How much does RZC pay, and how often?
RZC pays $1.78 a share a year. That is 7.125% of the $25.00 face value. At the November 9 close of $25.51, it is a 6.98% current yield.
When is RZC’s next ex-dividend date?
December 31, 2026. The $0.45 payment is payable January 15, 2027. Reinsurance Group of America, Incorporated has declared it.
Are RZC’s payments qualified dividends?
No. RZC is a bond, so it pays interest, which is taxed as ordinary income.
When can RZC be called?
Not before October 15, 2027. From then Reinsurance Group of America, Incorporated can redeem the shares at $25.00. The yield to that call date is 4.87% at today’s price.
Does RZC have a maturity date?
Yes. Reinsurance Group of America, Incorporated must repay the $25.00 on October 15, 2052.
What is RZC’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is RZC’s Income Quality Score?
RZC scores 5.5 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. Buyback economics is the lowest, at 4.0. 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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