General Finance's Series C Preferred Stock Crosses Above 8.5% Yield Territory

In trading on Thursday, shares of General Finance Corp's 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (GFNCP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $9.20), with shares changing hands as low as $108.12 on the day. This compares to an average yield of 6.03% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel..