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Cash Dividend On The Way From Genie Energy Ltd's Series 2012-A Preferred Stock

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On 2/5/18, Genie Energy Ltd’s Series 2012-A Preferred Stock (Symbol: GNE.PRA) will trade ex-dividend, for its quarterly dividend of $0.1594, payable on 2/15/18. As a percentage of GNE.PRA’s recent share price of $7.36, this dividend works out to approximately 2.17%, so look for shares of GNE.PRA to trade 2.17% lower – all else being equal – when GNE.PRA shares open for trading on 2/5/18. On an annualized basis, the current yield is approximately 8.62%, which compares to an average yield of 4.79% in the “Utilities” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GNE.PRA shares, versus GNE:

Performance Comparison Chart

Below is a dividend history chart for GNE.PRA, showing historical dividends prior to the most recent $0.1594 on Genie Energy Ltd’s Series 2012-A Preferred Stock: GNE.PRA+Dividend+History+Chart According to the ETF Finder at ETF Channel, Genie Energy Ltd (Symbol: GNE) makes up 1.34% of the Guggenheim S&P High Income Infrastructure ETF ( GHII ) which is trading lower by about 0.2% on the day Thursday. In Thursday trading, Genie Energy Ltd’s Series 2012-A Preferred Stock (Symbol: GNE.PRA) is currently up about 1.2% on the day, while the common shares (Symbol: GNE) are up about 0.5%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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