Genie Energy's Series A Preferred Stock Yield Pushes Past 8.5%

In trading on Tuesday, shares of Genie Energy Ltd.'s Series 2012-A Preferred Stock (GNE.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $0.6376), with shares changing hands as low as $7.48 on the day. This compares to an average yield of 4.42% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, GNE.PRA was trading at a 11.41% discount to its liquidation preference amount, versus the average premium of 4.74% in the "Utilities" category.

The chart below shows the one year performance of GNE.PRA shares, versus GNE:

Performance Comparison Chart

Below is a dividend history chart for GNE.PRA, showing historical dividend payments on Genie Energy Ltd.'s Series 2012-A Preferred Stock:

GNE.PRA+Dividend+History+Chart

In Tuesday trading, Genie Energy Ltd.'s Series 2012-A Preferred Stock ( GNE.PRA) is currently down about 0.6% on the day, while the common shares ( GNE) are down about 4.4%.

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