Markets

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

Shutterstock photo
Shutterstock photo

Shutterstock photo

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.


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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