Chart Industries’ Preferred Shares Yield Over 6% Amid Market Volatility

In trading on Friday, shares of Chart Industries Inc’s 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) yielded over 6% based on its quarterly dividend, which is annualized to $3.375. On that day, shares were seen trading as low as $54.91.

According to Preferred Stock Channel, this yield is notably lower than the average yield of 11.58% in the “Industrial Machinery & Equipment” preferred stock category. As of the last close, GTLS.PRB traded at a 16.42% premium to its liquidation preference amount. This contrasts with the average discount of 9.49% observed within the same category. Notably, these preferred shares are convertible, with a conversion ratio ranging from 0.3526 to 0.4231.

A chart detailing the dividend history of GTLS.PRB highlights the historical payments associated with Chart Industries Inc’s 6.75% Series B Mandatory Convertible Preferred Stock:

On Friday, trading results showed that Chart Industries Inc’s 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: GTLS.PRB) declined approximately 5%. Meanwhile, the common shares (Symbol: GTLS) faced a slightly steeper drop of about 5.8%.

Click here to find out the 50 highest yielding preferreds »

also see:

• Energy Dividend Stock List
• Institutional Holders of RARE
• NBTB Split History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.