Reminder: International Shipholding's 9.00% Series B Preferred Stock Goes Ex-Dividend Soon

By
A A A

On 7/25/14, International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: ISH.PRB) will trade ex-dividend, for its quarterly dividend of $2.25, payable on 7/30/14. As a percentage of ISH.PRB's recent share price of $106.50, this dividend works out to approximately 2.11%, so look for shares of ISH.PRB to trade 2.11% lower - all else being equal - when ISH.PRB shares open for trading on 7/25/14. On an annualized basis, the current yield is approximately 8.46%, which compares to an average yield of 6.92% in the "Transportation" preferred stock category, according to Preferred Stock Channel . 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 dividends prior to the most recent $2.25 on International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock :

ISH.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, International Shipholding Corp. (Symbol: ISH) makes up 3.39% of the WisdomTree Total Dividend Fund ETF ( DTD ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, International Shipholding Corp.'s 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: ISH.PRB) is currently trading flat on the day, while the common shares (Symbol: ISH) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: DTD , ISH.PRB , ISH

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

86,904,687
  • $15.56 ▼ 1.46%
86,854,347
  • $7.62 ▼ 1.93%
85,075,754
  • $27.25 ▼ 0.11%
49,181,594
  • $124.75 ▼ 1.13%
48,007,815
  • $8.79 ▲ 1.27%
41,460,304
  • $58.42 ▼ 2.09%
41,296,100
  • $41.615 ▼ 1.29%
40,272,476
  • $106.01 ▼ 1.56%
As of 4/17/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com