National Healthcare Corp.'s Series A Convertible Preferred Stock Crosses Above 5% Yield Territory

In trading on Wednesday, shares of National Healthcare Corp.'s Series A Convertible Preferred Stock (AMEX: NHC.PRA) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.80), with shares changing hands as low as $15.99 on the day. This compares to an average yield of 3.09% in the "Healthcare" preferred stock category, according to Preferred Stock Channel. As of last close, NHC.PRA was trading at a 1.97% premium to its liquidation preference amount, versus the average ...