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Fairfax Financial Holdings' Preferred Shares, Series I Yield Pushes Past 5%

In trading on Tuesday, shares of Fairfax Financial Holdings Ltd's Cumulative 5-Year Rate Reset Preferred Shares, Series I (TSX: FFH-PRI.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.927), with shares changing hands as low as $18.38 on the day. As of last close, FFH.PRI was trading at a 24.72% 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 FFH.PRI shares, versus FFH:

Performance Comparison Chart

Below is a dividend history chart for FFH.PRI, showing historical dividend payments on Fairfax Financial Holdings Ltd's Cumulative 5-Year Rate Reset Preferred Shares, Series I:

FFH.PRI+Dividend+History+Chart

In Tuesday trading, Fairfax Financial Holdings Ltd's Cumulative 5-Year Rate Reset Preferred Shares, Series I (TSX: FFH-PRI.TO ) is currently off about 2.3% on the day, while the common shares (TSX: FFH.TO ) are off about 0.3%.

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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