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Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Thursday, May 26, 8:15 PM

#49. Genie Energy Ltd. | Series 2012-A Preferred Stock (NYSE:GNE.PRA) | 8.69% CURRENT YIELD

Discount to Liquidation Preference: -13.65%Average Premium in Category: 5.23%
Current Annualized Yield: 8.69%Average Yield in Category: 4.70%
Days Since Last Ex-Div Date: 21 | See Dividend History »Categorization: Utilities

Series:2012-A
Alternate symbology:GNE-A, GNE-PA, GNEprA
Redeemable?:Yes
Call Date:10/10/2017
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8,750,000
Liquidation Preference:$8.50
Recent Market Price:$7.34
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-1.16 (-13.65%)
Annualized Dividend:0.6376
Recent Ex-Date:5/4/2016
Current Yield:8.69%
Original Coupon:sh.6375 plus seven and one-half percent of the quotient obtained by dividing the amount by which the EBITDA for a fiscal year of our REP business exceeds 2 million by 8,750,000, payable quarterly in cash and will be redeemable, in whole or in part, at the option of Genie following the fifth anniversary of issuance.
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Genie Energy owns 99.3% of its subsidiary, Genie Energy International Corporation, which owns 100% of Genie Retail Energy and 92% of Genie Oil and Gas, Inc. Co.'s principal businesses consist of: Genie Retail Energy, which operates retail energy providers, including IDT Energy, and Residents Energy, and energy brokerage and marketing services; and Genie Oil and Gas, which is an oil and gas exploration company, and includes an 88.5% interest in Afek Oil & Gas Ltd., an 89.9% interest in Genie Mongolia, Inc., American Shale Oil Corporation, or AMSO, which holds and manages a 43.1% interest in American Shale Oil, L.L.C., and an 87.9% interest in Israel Energy Initiatives, Ltd.

Preferred: GNE.PRA


Open the GNE Information Page »
Name:  Genie Energy Ltd.
Website:  www.genie.com
Sector:  Electric Utilities
Number of ETFs Holding GNE:  14 (see which ones)
Total Market Value Held by ETFs:  $2,366,004
Total Market Capitalization:  $168,000,000
% of Market Cap. Held by ETFs:  1.41%

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