In trading on Monday, shares of Chart Industries Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $3.375), with shares changing hands as low as $61.04 on the day. This compares to an average yield of 12.23% in the "Industrial Machinery & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, GTLS.PRB was trading at a 23.56% premium to its liquidation preference amount, versus the average discount of 17.82% 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.
MCAD market cap history
ICVX market cap history
The chart below shows the one year performance of GTLS.PRB shares, versus GTLS:
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:
In Monday trading, Chart Industries Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) is currently down about 1.2% on the day, while the common shares (Symbol: GTLS) are down about 2%.
Also see:
High Beta Stocks MCAD market cap history
ICVX market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
