Markets

Seaspan Corp's Series E Cumulative Redeemable Perpetual Preferred Shares Cross 8.5% Yield Mark

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Monday, shares of Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares (Symbol: SSW.PRE) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $24.25 on the day. This compares to an average yield of 9.20% in the "Transportation" preferred stock category, according to Preferred Stock Channel . As of last close, SSW.PRE was trading at a 0.60% discount to its liquidation preference amount, versus the average discount of 10.05% in the "Transportation" category.

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 dividend payments on Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares :

SSW.PRE+Dividend+History+Chart

In Monday trading, Seaspan Corp's 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares (Symbol: SSW.PRE) is currently down about 1.9% on the day, while the common shares (Symbol: SSW) are off about 1.2%.

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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