Supertel Hospitality Series A Convertible Preferred Stock Crosses Above 8% Yield Territory

In trading on Thursday, shares of Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock (NASD: SPPRP) were yielding above the 8% mark based on its monthly dividend (annualized to $0.80), with shares changing hands as low as $10.00 on the day. This compares to an average yield of 6.37% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SPPRP was trading at a 1.90% premium to its liquidation preference amount, versus the average premium of...