Hovnanian Enterprises' Series A Preferred Stock Yield Pushes Past 8.5%
January 05, 2022 at 14:23 PM EST
In trading on Wednesday, shares of Hovnanian Enterprises, Inc.'s 7.625% Series A Preferred Stock (HOVNP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $22.42 on the day. As of last close, HOVNP was trading at a 8.20% discount to its liquidation preference amount..
