In trading on Monday, shares of International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (ISH.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $9.50), with shares changing hands as low as $101.82 on the day. This compares to an average yield of 8.37% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, ISH.PRA was trading at a 6.90% premium to its liquidation preference amount, versus the average premium of 4.94% in the "Transportation" category.
International Shipholding's Series A Preferred Stock Yield Pushes Past 9%
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
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.