General Finance's Series C Preferred Stock Shares Cross 9% Yield Mark

In trading on Wednesday, shares of General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock ( GFNCP) were yielding above the 9% mark based on its quarterly dividend (annualized to $9.20), with shares changing hands as low as $101.56 on the day. This compares to an average yield of 10.16% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, GFNCP was trading at a 2.48% premium to its liquidation preference amount, versus the average discount of 11.26% in the "Business Services & Equipment" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of GFNCP shares, versus GFN:

Performance Comparison Chart

Below is a dividend history chart for GFNCP, showing historical dividend payments on General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock :

GFNCP+Dividend+History+Chart

In Wednesday trading, General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock ( GFNCP) is currently trading flat on the day, while the common shares ( GFN) are down about 1.1%.
null

If you liked this article you might like

Insider Trading Alert - GEVO, RPM And GFN Traded By Insiders

Insider Trading Alert - GEVO, RPM And GFN Traded By Insiders

Insider Trading Alert - GFN, KRO And PLAB Traded By Insiders

Insider Trading Alert - GFN, KRO And PLAB Traded By Insiders

Insider Trading Alert - ICPT, GFN And CNC Traded By Insiders

Insider Trading Alert - ICPT, GFN And CNC Traded By Insiders

Insider Trading Alert - KELYA, GFN And KRO Traded By Insiders

Insider Trading Alert - KELYA, GFN And KRO Traded By Insiders

Insider Trading Alert - GFN, TRC And ZEN Traded By Insiders

Insider Trading Alert - GFN, TRC And ZEN Traded By Insiders