Markets

Capital Power's Preference Shares, Series 5 Crosses Above 5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $22.44 on the day. As of last close, CPX.PRE was trading at a 8.84% 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 Wednesday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO ) is currently off about 1.5% on the day, while the common shares (TSX: CPX.TO ) are trading flat.

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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