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| MIND Technology's Series A Preferred Stock Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Thursday, October 14, 2:34 PM ET
In trading on Thursday, shares of MIND Technology Inc's 9.00% Series A Cumulative Preferred Stock (NASDAQ:MINDP) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $24.90 on the day. This compares to an average yield of 7.30% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, MINDP was trading at a 1.40% premium to its liquidation preference amount, versus the average discount of 9.17% in the "Oil & Gas Equipment & Services" category. The chart below shows the one year performance of MINDP shares, versus MIND:
Below is a dividend history chart for MINDP, showing historical dividend payments on MIND Technology Inc's 9.00% Series A Cumulative Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, MIND Technology Inc's 9.00% Series A Cumulative Preferred Stock (NASDAQ:MINDP) is currently up about 1.3% on the day, while the common shares (NASDAQ:MIND) are up about 1.2%.
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