Chart Industries' Series B Preferred Stock Crosses Above 5% Yield Territory

In trading on Thursday, shares of Chart Industries Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.375), with shares changing hands as low as $66.87 on the day. This compares to an average yield of 7.89% in the "Industrial Machinery & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, GTLS.PRB was trading at a 37.82% premium to its liquidation preference amount, versus the average premium of 4.80% in the "Industrial Machinery & Equipment" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.3526 - 0.4231.

Performance Comparison Chart

Below is a dividend history chart for GTLS.PRB, showing historical dividend payments on Chart Industries Inc's 6.75% Series B Mandatory Convertible Preferred Stock:

GTLS.PRB+Dividend+History+Chart

In Thursday trading, Chart Industries Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) is currently down about 2.1% on the day, while the common shares (Symbol: GTLS) are down about 2.5%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• Top Stocks Held By Larry Robbins
• Funds Holding TDD
• HSHP Average Annual Return

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

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