Emera's Series C Preferred stock Crosses Above 6% Yield Territory

In trading on Tuesday, shares of Emera Inc's Variable rate series C cumulative convertible first preferred stock (TSX: EMA-PRC.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.1802), with shares changing hands as low as $17.80 on the day. As of last close, EMA.PRC was trading at a 28.40% 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 EMA.PRC shares, versus EMA:

Performance Comparison Chart

Below is a dividend history chart for EMA.PRC, showing historical dividend payments on Emera Inc's Variable rate series C cumulative convertible first preferred stock:

EMA.PRC+Dividend+History+Chart

In Tuesday trading, Emera Inc's Variable rate series C cumulative convertible first preferred stock (TSX: EMA-PRC.TO) is currently up about 0.2% on the day, while the common shares (TSX: EMA.TO) are off about 1%.

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.

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