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Triton International's Series A Preference Shares Cross 8% Yield Mark

In trading on Thursday, shares of Triton International Ltd's 8.50% Series A Cumulative Redeemable Perpetual Preference Shares (Symbol: TRTN.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $26.56 on the day. This compares to an average yield of 7.45% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, TRTN.PRA was trading at a 8.04% premium to its liquidation preference amount, versus the average premium of 6.73% in the "Business Services & Equipment" category.

Performance Comparison Chart

Below is a dividend history chart for TRTN.PRA, showing historical dividend payments on Triton International Ltd's 8.50% Series A Cumulative Redeemable Perpetual Preference Shares:

TRTN.PRA+Dividend+History+Chart


Free Report: Top 7%+ Dividends (paid monthly)

In Thursday trading, Triton International Ltd's 8.50% Series A Cumulative Redeemable Perpetual Preference Shares (Symbol: TRTN.PRA) is currently off about 0.2% on the day, while the common shares (Symbol: TRTN) are off about 1.9%.

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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.

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