Navios Maritime Holdings Series G Preferred Stock Yield Pushes Past 10.5%

In trading on Thursday, shares of Navios Maritime Holdings Inc's 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock (NM.PRG) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $20.36 on the day. This compares to an average yield of 7.71% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, NM.PRG was trading at a 14.60% discount to its liquidation preference amount, versus the average discount of 5.45% in the "Transportation" category.

The chart below shows the one year performance of NM.PRG shares, versus NM:

Performance Comparison Chart

Below is a dividend history chart for NM.PRG, showing historical dividend payments on Navios Maritime Holdings Inc's 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock :

NM.PRG+Dividend+History+Chart

In Thursday trading, Navios Maritime Holdings Inc's 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock ( NM.PRG) is currently down about 2.8% on the day, while the common shares ( NM) are off about 0.8%.

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