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.
Reminder: International Shipholding's Series A Preferred Stock Goes Ex-Dividend Soon
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