Diana Shipping's Series B Preferred Shares Cross 9% Yield Mark

In trading on Friday, shares of Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares (DSX.PRB) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $24.61 on the day. This compares to an average yield of 9.92% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, DSX.PRB was trading at a 0.60% discount to its liquidation preference amount, versus the average discount of 6.39% in the "Shipping" category.

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

Performance Comparison Chart

Below is a dividend history chart for DSX.PRB, showing historical dividend payments on Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares :

DSX.PRB+Dividend+History+Chart

In Friday trading, Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares ( DSX.PRB) is currently down about 1% on the day, while the common shares ( DSX) are up about 2.6%.

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