On 1/28/14, General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (GFNCP) will trade ex-dividend, for its quarterly dividend of $2.30, payable on 1/31/14. As a percentage of GFNCP's recent share price of $104.50, this dividend works out to approximately 2.20%, so look for shares of GFNCP to trade 2.20% lower — all else being equal — when GFNCP shares open for trading on 1/28/14. On an annualized basis, the current yield is approximately 8.81%, which compares to an average yield of 31.65% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock
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