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| Garrett Motion's Series A Preferred Stock Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, May 10, 2:16 PM ET
In trading on Wednesday, shares of Garrett Motion Inc's 11% Series A Cumulative Convertible Preferred Stock (GTXAP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $0.68), with shares changing hands as low as $9.06 on the day. As of last close, GTXAP was trading at a 74.29% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of GTXAP shares, versus GTX:
Below is a dividend history chart for GTXAP, showing historical dividend payments on Garrett Motion Inc's 11% Series A Cumulative Convertible Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Garrett Motion Inc's 11% Series A Cumulative Convertible Preferred Stock (GTXAP) is currently down about 1% on the day, while the common shares (NASDAQ:GTX) are down about 0.6%.
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