Markets

Energizer Holdings' Series A Preferred Stock Crosses Above 8.5% Yield Territory

In trading on Monday, shares of Energizer Holdings Inc's 7.50% Series A Mandatory Convertible Preferred Stock (Symbol: ENR.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $7.50), with shares changing hands as low as $88.02 on the day. This compares to an average yield of 7.50% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, ENR.PRA was trading at a 255.40% premium to its liquidation preference amount, versus the average premium of 29.62% in the "Consumer Goods" category.

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

Performance Comparison Chart

Below is a dividend history chart for ENR.PRA, showing historical dividend payments on Energizer Holdings Inc's 7.50% Series A Mandatory Convertible Preferred Stock:

ENR.PRA+Dividend+History+Chart

In Monday trading, Energizer Holdings Inc's 7.50% Series A Mandatory Convertible Preferred Stock (Symbol: ENR.PRA) is currently down about 0.3% on the day, while the common shares (Symbol: ENR) are off about 0.1%.

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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