Stericycle's Series A Preferred Stock Yield Pushes Past 8%
November 01, 2016 at 14:19 PM EDT
In trading on Tuesday, shares of Stericycle Inc.'s 5.25% Series A Mandatory Convertible Preferred Stock (SRCLP) were yielding above the 8% mark based on its quarterly dividend (annualized to $5.25), with shares changing hands as low as $65.51 on the day. As of last close, SRCLP was trading at a 33.31% discount to its liquidation preference amount..