In trading on Wednesday, shares of General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (GFNCP) were yielding above the 9% mark based on its quarterly dividend (annualized to $9.20), with shares changing hands as low as $101.56 on the day. This compares to an average yield of 10.16% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, GFNCP was trading at a 2.48% premium to its liquidation preference amount, versus the average discount of 11.26% in the "Business Services & Equipment" category.
General Finance's Series C Preferred Stock Shares Cross 9% Yield Mark
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