Mitcham Industries' Series A Preferred Stock Shares Cross 10% Yield Mark

In trading on Wednesday, shares of Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock (MINDP) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $22.34 on the day. As of last close, MINDP was trading at a 9.80% discount to its liquidation preference amount.