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Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 About To Put More Money In Your Pocket


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On 9/14/17, Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO ) will trade ex-dividend, for its quarterly dividend of $0.3481, payable on 9/29/17. As a percentage of AZP.PRB's recent share price of $19.64, this dividend works out to approximately 1.77%, so look for shares of AZP.PRB to trade 1.77% lower - all else being equal - when AZP.PRB shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 7.09%.

As of last close, AZP.PRB was trading at a 21.44% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible . The chart below shows the one year performance of AZP.PRB shares, versus ATP:

Performance Comparison Chart

Below is a dividend history chart for AZP.PRB, showing historical dividends prior to the most recent $0.3481 on Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2:

AZP.PRB+Dividend+History+Chart

In Tuesday trading, Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO ) is currently trading flat on the day, while the common shares (TSX: ATP.TO ) are up about 0.3%.

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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