Maiden Holdings' Preference Series C Shares Cross 7% Yield Mark

In trading on Thursday, shares of Maiden Holdings Ltd's 7.125% Non-Cumulative Preference Shares, Series C ( MH.PRC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7813), with shares changing hands as low as $25.32 on the day. This compares to an average yield of 5.54% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MH.PRC was trading at a 3.08% premium to its liquidation preference amount, versus the average premium of 4.32% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

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The chart below shows the one year performance of MH.PRC shares, versus MHLD:

Performance Comparison Chart

Below is a dividend history chart for MH.PRC, showing historical dividend payments on Maiden Holdings Ltd's 7.125% Non-Cumulative Preference Shares, Series C:

MH.PRC+Dividend+History+Chart

In Thursday trading, Maiden Holdings Ltd's 7.125% Non-Cumulative Preference Shares, Series C ( MH.PRC) is currently down about 1.8% on the day, while the common shares ( MHLD) are up about 2.4%.

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