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On 2/12/24, Pyxis Tankers Inc's 7.75% Series A Cumulative Convertible Preferred Shares (Symbol: PXSAP) will trade ex-dividend, for its monthly dividend of $0.1615, payable on 2/20/24. As a percentage of PXSAP's recent share price of $24.79, this dividend works out to approximately 0.65%, so look for shares of PXSAP to trade 0.65% lower — all else being equal — when PXSAP shares open for trading on 2/12/24. On an annualized basis, the current yield is approximately 7.81%, which compares to an average yield of 6.37% in the "Shipping" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of PXSAP shares, versus PXS:

Below is a dividend history chart for PXSAP, showing historical dividends prior to the most recent $0.1615 on Pyxis Tankers Inc's 7.75% Series A Cumulative Convertible Preferred Shares:

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In Thursday trading, Pyxis Tankers Inc's 7.75% Series A Cumulative Convertible Preferred Shares (Symbol: PXSAP) is currently off about 0.1% on the day, while the common shares (Symbol: PXS) are off about 0.9%.

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