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Great-West Lifeco's Preferred Shares, Series R Crosses Above 5.5% Yield Territory


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In trading on Tuesday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R (TSX: GWO-PRR.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $21.76 on the day. As of last close, GWO.PRR was trading at a 12.44% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of GWO.PRR shares, versus GWO:

Performance Comparison Chart

Below is a dividend history chart for GWO.PRR, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R:

GWO.PRR+Dividend+History+Chart

In Tuesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R (TSX: GWO-PRR.TO ) is currently off about 0.3% on the day, while the common shares (TSX: GWO.TO ) are up about 0.7%.

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 , Stocks



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