Capital Power's Preference Shares Cross 6% Yield Mark

In trading on Tuesday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares (TSX: CPX-PRC.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3633), with shares changing hands as low as $22.71 on the day. As of last close, CPX.PRC was trading at a 7.96% 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 CPX.PRC shares, versus CPX:

Below is a dividend history chart for CPX.PRC, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares:

In Tuesday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares (TSX: CPX-PRC.TO) is currently off about 1.3% on the day, while the common shares (TSX: CPX.TO) are trading flat.

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