Triton International Ltd’s 7.375% Series C Cumul Red Perp Preference Shares (Symbol: TRTN.PRD) were yielding above 8% based on its quarterly dividend (annualized to $1.7188) in Friday’s trading. Shares reached as low as $21.05 during the day. This is compared to the average yield of 16.99% in the “Business Services & Equipment” preferred stock category, according to Preferred Stock Channel. As of the last close, TRTN.PRD was trading at a 12.20% discount to its liquidation preference amount, compared to the average discount of 21.17% in the “Business Services & Equipment” category.
Below is a chart showing the dividend history of TRTN.PRD:
In Friday’s trading, TRTN.PRD is down about 1.2% on the day, while the common shares (Symbol: TRTN) are up about 0.1%. For a list of the 50 highest yielding preferreds, click here.
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