Cash Dividend On The Way From Triton International Series B Cumulative Redeemable Perpetual Preference Shares

On 9/7/23, Triton International Ltd's 8.00% Series B Cumulative Redeemable Perpetual Preference Shares (Symbol: TRTN.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/15/23. As a percentage of TRTN.PRB's recent share price of $24.61, this dividend works out to approximately 2.03%, so look for shares of TRTN.PRB to trade 2.03% lower all else being equal when TRTN.PRB shares open for trading on 9/7/23. On an annualized basis, the current yield is approximately 8.08%, which compares to an average yield of 12.93% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of TRTN.PRB shares, versus TRTN: