International Shipholding's Series B Preferred Stock Yield Pushes Past 9%

In trading on Tuesday, shares of International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (ISH.PRB) were yielding above the 9% mark based on its quarterly dividend (annualized to $9.00), with shares changing hands as low as $98.25 on the day. This compares to an average yield of 8.36% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, ISH.PRB was trading at a 1.00% premium to its liquidation preference amount, versus the average discount of 9.29% in the "Transportation" category.

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The chart below shows the one year performance of ISH.PRB shares, versus ISH:

Performance Comparison Chart

Below is a dividend history chart for ISH.PRB, showing historical dividend payments on International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock :

ISH.PRB+Dividend+History+Chart

In Tuesday trading, International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock ( ISH.PRB) is currently down about 1% on the day, while the common shares ( ISH) are up about 4%.

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