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| Cash Dividend On The Way From Triton International Series B Cumulative Redeemable Perpetual Preference SharesBy Preferred Stock Channel Staff, Tuesday, September 5, 1:32 PM ET
On 9/7/23, Triton International Ltd's 8.00% Series B Cumulative Redeemable Perpetual Preference Shares (NYSE:TRTN.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/15/23. As a percentage of TRTN.PRB's recent share price of $24.61, this dividend works out to approximately 2.03%, so look for shares of TRTN.PRB to trade 2.03% lower — all else being equal — when TRTN.PRB shares open for trading on 9/7/23. On an annualized basis, the current yield is approximately 8.08%, which compares to an average yield of 12.93% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, TRTN.PRB was trading at a 1.00% discount to its liquidation preference amount. The chart below shows the one year performance of TRTN.PRB shares, versus TRTN:
Below is a dividend history chart for TRTN.PRB, showing historical dividends prior to the most recent $0.50 on Triton International Ltd's 8.00% Series B Cumulative Redeemable Perpetual Preference Shares: Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Triton International Ltd's 8.00% Series B Cumulative Redeemable Perpetual Preference Shares (NYSE:TRTN.PRB) is currently off about 0.6% on the day, while the common shares (TRTN) are down about 0.4%.
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