TRTN's Series C Preference Shares Yield Pushes Past 7.5%
In trading on Wednesday, shares of TRTN's 7.375% Series C Cumul Red Perp Preference Shares (Symbol: TRTN.PRD) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $22.75 on the day. This compares to an average yield of 7.56% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, TRTN.PRD was trading at a 8.00% discount to its liquidation preference amount, versus the average discount of 5.81% in the "Business Services & Equipment" category.
The chart below shows the one year performance of TRTN.PRD shares, versus its 200 day moving average:
Looking at the chart above, TRTN.PRD's low point in its 52 week range is $21.96 per share, with $24.35 as the 52 week high point — that compares with a last trade of $23.35.
Below is a dividend history chart for TRTN.PRD, showing historical dividend payments on TRTN's 7.375% Series C Cumul Red Perp Preference Shares:
In Wednesday trading, TRTN's 7.375% Series C Cumul Red Perp Preference Shares (Symbol: TRTN.PRD) is currently up about 1.1% on the day.
Further TRTN.PRD Research:
