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General Finance Series C Cumulative Redeemable Perpetual Preferred Stock Goes Ex-Dividend Soon

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 1/26/17, General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GFNCP) will trade ex-dividend, for its quarterly dividend of $2.30, payable on 1/31/17. As a percentage of GFNCP's recent share price of $94.25, this dividend works out to approximately 2.44%, so look for shares of GFNCP to trade 2.44% lower - all else being equal - when GFNCP shares open for trading on 1/26/17. On an annualized basis, the current yield is approximately 9.71%. The chart below shows the one year performance of GFNCP shares, versus GFN:

Performance Comparison Chart

Below is a dividend history chart for GFNCP, showing historical dividends prior to the most recent $2.30 on General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock :

GFNCP+Dividend+History+Chart

In Tuesday trading, General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GFNCP) is currently down about 0.5% on the day, while the common shares (Symbol: GFN) are up about 1%.

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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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