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| Cash Dividend On The Way From Air T Alpha Income Trust Preferred Securities DueBy Preferred Stock Channel Staff, Tuesday, May 9, 1:30 PM ET
On 5/11/23, Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049 (NASDAQ:AIRTP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 5/15/23. As a percentage of AIRTP's recent share price of $21.50, this dividend works out to approximately 2.33%, so look for shares of AIRTP to trade 2.33% lower — all else being equal — when AIRTP shares open for trading on 5/11/23. On an annualized basis, the current yield is approximately 9.30%. As of last close, AIRTP was trading at a 14.00% discount to its liquidation preference amount. The chart below shows the one year performance of AIRTP shares, versus AIRT:
Below is a dividend history chart for AIRTP, showing historical dividends prior to the most recent $0.50 on Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049: Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049 (NASDAQ:AIRTP) is currently up about 0.3% on the day, while the common shares (NASDAQ:AIRT) are down about 0.5%.
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