On 7/25/14, International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (ISH.PRA) will trade ex-dividend, for its quarterly dividend of $2.375, payable on 7/30/14. As a percentage of ISH.PRA's recent share price of $107.85, this dividend works out to approximately 2.20%, so look for shares of ISH.PRA to trade 2.20% lower — all else being equal — when ISH.PRA shares open for trading on 7/25/14. On an annualized basis, the current yield is approximately 8.81%, which compares to an average yield of 6.92% in the "Transportation" preferred stock category, according to Preferred Stock Channel.
As of last close, ISH.PRA was trading at a 7.85% premium to its liquidation preference amount, versus the average premium of 4.24% in the "Transportation" category. The chart below shows the one year performance of ISH.PRA shares, versus ISH:
Below is a dividend history chart for ISH.PRA, showing historical dividends prior to the most recent $2.375 on International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock :
According to the ETF Finder at ETF Channel, International Shipholding Corp. (ISH) makes up 3.39% of the WisdomTree Total Dividend Fund ETF (DTD) which is trading higher by about 0.2% on the day Wednesday.