In trading on Tuesday, shares of M/I Homes Inc's 9.75% Series A Preferred Share (MHO.PRA) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.4375), with shares changing hands as low as $25.08 on the day. This compares to an average yield of 4.69% in the "General Contractors & Builders" preferred stock category, according to Preferred Stock Channel. As of last close, MHO.PRA was trading at a 4.00% premium to its liquidation preference amount, versus the average discount of 19.80% in the "General Contractors & Builders" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of MHO.PRA shares, versus MHO:
Below is a dividend history chart for MHO.PRA, showing historical dividend payments on M/I Homes Inc's 9.75% Series A Preferred Share:
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts