Markets

Capital Power's Preference Shares, Series 5, Cross 6.5% Yield Mark

In trading on Friday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3095), with shares changing hands as low as $20.10 on the day. As of last close, CPX.PRE was trading at a 19.16% 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.PRE shares, versus CPX:

Performance Comparison Chart

Below is a dividend history chart for CPX.PRE, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5:

CPX.PRE+Dividend+History+Chart

In Friday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO) is currently down about 0.5% on the day, while the common shares (TSX: CPX.TO) are off about 0.3%.

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