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Maiden Holdings' Preference Series A Shares Cross 8.5% Yield Mark

By Ru Back Packer Staff, Tuesday, January 16, 2:07 PM ET
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In trading on Tuesday, shares of Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A (NYSE:MH.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $24.22 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Ru Back Packer. As of last close, MH.PRA was trading at a 1.52% discount to its liquidation preference amount, versus the average premium of 5.97% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of MH.PRA shares, versus MHLD:

Performance Comparison Chart

Below is a dividend history chart for MH.PRA, showing historical dividend payments on Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A :


In Tuesday trading, Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A (NYSE:MH.PRA) is currently down about 0.9% on the day, while the common shares (NASDAQ:MHLD) are up about 1.6%.


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