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Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1 Goes Ex-Dividend Soon


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On 9/14/17, Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1 (TSX: AZP-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.3031, payable on 9/29/17. As a percentage of AZP.PRA's recent share price of $15.95, this dividend works out to approximately 1.90%, so look for shares of AZP.PRA to trade 1.90% lower - all else being equal - when AZP.PRA shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 7.67%.

As of last close, AZP.PRA was trading at a 36.80% discount to its liquidation preference amount. The chart below shows the one year performance of AZP.PRA shares, versus ATP:

Performance Comparison Chart

Below is a dividend history chart for AZP.PRA, showing historical dividends prior to the most recent $0.3031 on Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1:

AZP.PRA+Dividend+History+Chart

In Tuesday trading, Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1 (TSX: AZP-PRA.TO ) is currently up about 0.9% on the day, while the common shares (TSX: ATP.TO ) are trading flat.

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



This article appears in: Investing , Investing Ideas


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