In trading on Wednesday, shares of Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J (TSX: FTS-PRJ.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.1876), with shares changing hands as low as $23.75 on the day. As of last close, FTS.PRJ was trading at a 3.56% discount to its liquidation preference amount.

The chart below shows the one year performance of FTS.PRJ shares, versus FTS:

Below is a dividend history chart for FTS.PRJ, showing historical dividend payments on Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J:

In Wednesday trading, Fortis Inc's CUMULATIVE REDEEMABLE FIRST PREFERENCE SHARES, SERIES J (TSX: FTS-PRJ.TO ) is currently down about 1.3% on the day, while the common shares (TSX: FTS.TO ) are down about 1.5%.

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