ALB-P-A: ALBEMARLE CORP 7.25% Series A Preferred Stock
ALBEMARLE CORP's ALB-P-A is an exchange-traded preferred stock in the Plastic Materials, Synth Resins & Nonvulcan Elastomers sector.
At a recent price of $52.73, ALB-P-A yields 6.87% on its $50 liquidation preference and 7.25% coupon.
It trades at a premium of 5.5% to par.
The issue is cumulative, convertible.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.