On 4/25/14, International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (ISH.PRB) will trade ex-dividend, for its quarterly dividend of $2.25, payable on 4/30/14. As a percentage of ISH.PRB's recent share price of $105.35, this dividend works out to approximately 2.14%, so look for shares of ISH.PRB to trade 2.14% lower — all else being equal — when ISH.PRB shares open for trading on 4/25/14. On an annualized basis, the current yield is approximately 8.55%, which compares to an average yield of 7.36% in the "Transportation" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for International Shipholding Series B Cumulative Redeemable Perpetual Preferred Stock
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