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Ex-Div Reminder for Canaccord Genuity Group Cumulative 5-Year Rate Reset First Preferred Shares, Series A


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On 9/14/17, Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A (TSX: CF-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.2428, payable on 10/2/17. As a percentage of CF.PRA's recent share price of $14.55, this dividend works out to approximately 1.67%, so look for shares of CF.PRA to trade 1.67% lower - all else being equal - when CF.PRA shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 6.70%.

As of last close, CF.PRA was trading at a 41.96% 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 CF.PRA shares, versus CF:

Performance Comparison Chart

Below is a dividend history chart for CF.PRA, showing historical dividends prior to the most recent $0.2428 on Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A:

CF.PRA+Dividend+History+Chart

In Tuesday trading, Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A (TSX: CF-PRA.TO ) is currently up about 0.3% on the day, while the common shares (TSX: CF.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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