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%
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