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| Fortress Transportation & Infrastructure Investors' Series A Preferred Shares Cross 8% Yield MarkBy Preferred Stock Channel Staff, Friday, April 9, 2:32 PM ET
In trading on Friday, shares of Fortress Transportation & Infrastructure Investors LLC's 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (FTAI.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.56 on the day. This compares to an average yield of 8.11% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, FTAI.PRA was trading at a 3.80% premium to its liquidation preference amount, versus the average premium of 1.58% in the "Transportation" category. The chart below shows the one year performance of FTAI.PRA shares, versus FTAI:
Below is a dividend history chart for FTAI.PRA, showing historical dividend payments on Fortress Transportation & Infrastructure Investors LLC's 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Friday trading, Fortress Transportation & Infrastructure Investors LLC's 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (FTAI.PRA) is currently off about 0.8% on the day, while the common shares (NASDAQ:FTAI) are up about 1.4%.
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