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Aimia's Preferred Series 1 Shares Cross 11% Yield Mark

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Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO ) were yielding above the 11% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $9.98 on the day. As of last close, AIM.PRA was trading at a 57.80% 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 AIM.PRA shares, versus AIM:

Performance Comparison Chart

Below is a dividend history chart for AIM.PRA, showing historical dividend payments on Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1:

AIM.PRA+Dividend+History+Chart

In Wednesday trading, Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO ) is currently down about 5.4% on the day, while the common shares (TSX: AIM.TO ) are down about 5.2%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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


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

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