Seaspan Corp's Series C Cumulative Redeemable Perpetual Shares Cross 9% Yield Mark

In trading on Wednesday, shares of Seaspan Corp's 9.50% Series C Cumulative Redeemable Perpetual (NYSE: SSW.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $26.21 on the day. This compares to an average yield of 6.05% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, SSW.PRC was trading at a 7.52% premium to its liquidation preference amount, versus the averag...