 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Air Lease's Preferred Stock, Series A Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Wednesday, March 20, 3:52 PM ET
In trading on Wednesday, shares of Air Lease Corp's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE:AL.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5375), with shares changing hands as low as $25.58 on the day. This compares to an average yield of 7.98% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, AL.PRA was trading at a 2.80% premium to its liquidation preference amount, versus the average premium of 3.62% in the "Transportation" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of AL.PRA shares, versus AL:
Below is a dividend history chart for AL.PRA, showing historical dividend payments on Air Lease Corp's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Air Lease Corp's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE:AL.PRA) is currently up about 0.2% on the day, while the common shares (NYSE:AL) are off about 0.3%.
This Article's Word Cloud:
Arial
Below
Channel
Corp
Cumulative
Dividend
Fixed
Floating
Investors
Juicy
Lease
More
NYSE
Newsletter
Offer
Perpetual
Preferred
Premium
Rate
Receive
Series
Special
Start
Stock
Stocks
This
Transportation
Wednesday
Where
Yields
about
above
according
afterLeftLabels
afternoon
average
category
chart
common
dividend
escape
fillColor
missed
preferred
premium
shares
that
trading
versus
with
|
Play Video:
The Importance of Dividends
Free Email Alerts By Stock:
Start slideshow: