FOUR.PR.A: Shift4 Payments' 6.00% Mandatory Convertible Preferred Stock IPO

  • FOUR-A is a 6% mandatory convertible preferred stock from Shift4 Payments, offering exposure that is closely tied to common stock performance. FOUR-A's dividend coverage appears robust, with annual preferred payouts representing just 15% of expected 2025 earnings, supporting payment safety. Shift4 Payments has outperformed both the S&P 500 and the digital payments sector, with strong earnings growth and bullish analyst sentiment.