In trading on Wednesday, shares of Red Lions Hotels Corp's 9.5% Trust Preferred Securities (NYSE: RLH.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $26.30 on the day. As of last close, RLH.PRA was trading at a 8.04% premium to its liquidation preference amount.
Red Lions Hotels Corp's Trust Preferred Securities Shares Cross 9% Yield Mark
Forbes - 12 Jun 2013 21:07
In trading on Wednesday, shares of Red Lions Hotels Corp's 9.5% Trust Preferred Securities (NYSE: RLH.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $26.30 on the day. As of last close, RLH.PRA was trading at a 8.04% premium to its liquidation preference amount.
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