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| Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049 About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Wednesday, August 9, 1:53 PM ET
On 8/11/23, 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 8/15/23. As a percentage of AIRTP's recent share price of $23.30, this dividend works out to approximately 2.15%, so look for shares of AIRTP to trade 2.15% lower — all else being equal — when AIRTP shares open for trading on 8/11/23. On an annualized basis, the current yield is approximately 8.58%. As of last close, AIRTP was trading at a 6.80% 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: Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Wednesday trading, Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049 (NASDAQ:AIRTP) is currently trading flat on the day, while the common shares (NASDAQ:AIRT) are up about 1.9%.
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