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.
As of last close, ISH.PRB was trading at a 5.35% premium to its liquidation preference amount, versus the average premium of 2.77% in the "Transportation" category. The chart below shows the one year performance of ISH.PRB shares, versus ISH:
Below is a dividend history chart for ISH.PRB, showing historical dividends prior to the most recent $2.25 on International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock :
In Wednesday trading, International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (ISH.PRB) is currently trading flat on the day, while the common shares (ISH) are trading flat.