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Capital Power Corp's Cumulative Rate Reset Preference Shares About To Put More Money In Your Pocket


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On 3/15/18, Capital Power Corp's Cumulative Rate Reset Preference Shares (TSX: CPX-PRC.TO ) will trade ex-dividend, for its quarterly dividend of $0.2875, payable on 3/29/18. As a percentage of CPX.PRC's recent share price of $23.08, this dividend works out to approximately 1.25%, so look for shares of CPX.PRC to trade 1.25% lower - all else being equal - when CPX.PRC shares open for trading on 3/15/18. On an annualized basis, the current yield is approximately 5.00%.

As of last close, CPX.PRC was trading at a 7.92% 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 CPX.PRC shares, versus CPX:

Performance Comparison Chart

Below is a dividend history chart for CPX.PRC, showing historical dividends prior to the most recent $0.2875 on Capital Power Corp's Cumulative Rate Reset Preference Shares:

CPX.PRC+Dividend+History+Chart

In Tuesday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares (TSX: CPX-PRC.TO ) is currently up about 0.3% on the day, while the common shares (TSX: CPX.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



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