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On 5/10/24, 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 5/20/24. As a percentage of PXSAP's recent share price of $24.80, 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 5/10/24. On an annualized basis, the current yield is approximately 7.83%, which compares to an average yield of 6.07% 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:

In Wednesday trading, Pyxis Tankers Inc's 7.75% Series A Cumulative Convertible Preferred Shares (Symbol: PXSAP) is currently up about 0.2% on the day, while the common shares (Symbol: PXS) are up about 2.2%.

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Also see:

UNF Dividend Growth Rate
AMR Historical Earnings
Institutional Holders of ETAO

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