Capital Power's Preference Shares, Series 1, Cross 5% Yield Mark

In trading on Thursday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1 (TSX: CPX-PRA.TO) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.6552), with shares changing hands as low as $12.95 on the day. As of last close, CPX.PRA was trading at a 47.40% 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.PRA shares, versus CPX:

Below is a dividend history chart for CPX.PRA, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1:

In Thursday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1 (TSX: CPX-PRA.TO) is currently off about 1.4% on the day, while the common shares (TSX: CPX.TO) are up about 0.9%.

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