TRTN Series C Preference Shares Surpass 7.5% Yield Threshold

Avatar photo

In trading on Monday, shares of TRTN’s 7.375% Series C Cumulative Redeemable Preferred Shares (Symbol: TRTN.PRD) yielded above 7.5%, based on an annualized quarterly dividend of $1.7188. The shares traded as low as $22.85, reflecting a 6.72% discount to their liquidation preference amount, compared to an average discount of 7.05% in the “Business Services & Equipment” preferred stock category.

The 52-week performance of TRTN.PRD shows a low point of $19.76 per share and a high of $24.35, with the last trade recorded at $23.09. As of Monday, TRTN.PRD was down approximately 1% on the day.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now