I think you mistook me. I just meant the damages check for Freddie common and all JPS to be paid in common stock. Of the respective companies (Freddie common and preferred paid in Freddie commons and Fannie pref paid in Fannie commons).
It would add close to an extra billion in cash back to their coffers. When trying to add cash to balance sheet and increase CET1 it would do both things at once. Win win.
Also: to answer your previous question look at the bottom of the page I posted. Average dividend at current prices is around 11.53% and average at par is 5.49 although I don’t know if that’s weighted.
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