In trading on Tuesday, shares of Whirlpool Corp’s Dep Shares RPRSTG 8.50% Series A Mandatory Convertible Preferred Stock (Symbol: WHR.PRA) yielded over 12.5% based on its quarterly dividend of $4.25, with a low trading price of $33.83. This yield significantly exceeds the average of 8.90% for the “Consumer Goods” preferred stock category. WHR.PRA is currently trading at a 31.42% discount to its liquidation preference, compared to the category average of 11.23%.
Additionally, on Tuesday, WHR.PRA saw an increase of approximately 0.8%, while the common shares (Symbol: WHR) rose by 1.4%. The preferred shares have a conversion ratio ranging between 0.6167 and 0.7246.
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