In trading on Tuesday, shares of GLOP’s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: GLOP.PRA) yielded above 8.5%, with shares fluctuating as low as $25.32. The quarterly dividend is annualized to $2.1562, while the average yield in the “Air Services Other” preferred stock category stands at 9.00%. GLOP.PRA is currently trading at a 2.36% premium to its liquidation preference, compared to the average premium of 2.67% in its category.
As of the last close, GLOP.PRA shares are down approximately 0.8% for the day. The 52-week range for the stock is between $25.07 and $26.20, with the latest trade price reported at $25.38.
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