In trading on Thursday, shares of Seaspan Corporation's 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares (SSW.PRD) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9875), with shares changing hands as low as $24.77 on the day. This compares to an average yield of 6.95% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, SSW.PRD was trading at a 0.28% discount to its liquidation preference amount, versus the average discount of 1.03% in the "Shipping" category.
Seaspan's Series D Preferred Shares Cross 8% Yield Mark
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