International Shipholding's Series A Cumulative Redeemable Perpetual Preferred Stock Crosses 9% Yield Mark

In trading on Thursday, shares of International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: ISH.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $9.50), with shares changing hands as low as $104.21 on the day. This compares to an average yield of 6.51% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, ISH.PRA was trading at a 7.56% premium to its liquidation pr...