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Slideshow The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Saturday, April 19, 6:05 PM

#10. Genie Energy Ltd. | Series 2012-A Preferred Stock (NYSE:GNE.PRA) | 9.70% CURRENT YIELD

Discount to Liquidation Preference: -6.71%Average Discount in Category: -3.30%
Current Annualized Yield: 9.70%Average Yield in Category: 8.67%
Days Since Last Ex-Div Date: 137 | See Dividend History »Categorization: Oil & Gas Exploration & Production

Series:2012-A
Redeemable?:Yes
Call Date:10/10/2017
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8,750,000
Liquidation Preference:$8.50
Recent Market Price:$7.93
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.57 (-6.71%)
Annualized Dividend:0.7693
Recent Ex-Date:12/1/2013
Current Yield:9.70%
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 96.4% of IDT Energy and 92% of Genie Oil and Gas, Inc. Co. has two segments: IDT Energy as well as Genie Oil and Gas. IDT Energy is a retail energy provider that supplies electricity and natural gas to residential and business customers in the Northeastern U.S. Genie Oil and Gas produces transportation fuels from abundant oil shale and other resources, which consists of American Shale Oil Corporation, which holds and manages a 50.0% interest in American Shale Oil, L.L.C., Co.'s oil shale project in Colorado; and an 89% interest in Israel Energy Initiatives, Ltd., Co.'s oil shale project in Israel.

Preferred: GNE.PRA


Open the GNE Information Page »
Name:  Genie Energy Ltd.
Website:  www.genie.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding GNE:  14 (see which ones)
Total Market Value Held by ETFs:  $5,252,870
Total Market Capitalization:  $166,000,000
% of Market Cap. Held by ETFs:  3.16%

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