Markets

Ex-Div Reminder for Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares

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On 1/25/17, Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares (Symbol: SSW.PRE) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 1/30/17. As a percentage of SSW.PRE's recent share price of $24.03, this dividend works out to approximately 2.15%, so look for shares of SSW.PRE to trade 2.15% lower - all else being equal - when SSW.PRE shares open for trading on 1/25/17. On an annualized basis, the current yield is approximately 8.57%, which compares to an average yield of 8.99% in the "Transportation" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SSW.PRE shares, versus SSW:

Performance Comparison Chart

Below is a dividend history chart for SSW.PRE, showing historical dividends prior to the most recent $0.5156 on Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares :

SSW.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Seaspan Corp (Symbol: SSW) makes up 4.79% of the PowerShares International Dividend Achievers Portfolio ETF ( PID ) which is trading lower by about 0.4% on the day Monday.

In Monday trading, Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares (Symbol: SSW.PRE) is currently down about 0.1% on the day, while the common shares (Symbol: SSW) are down about 1.1%.

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 Nasdaq, Inc.


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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