Great-West Lifeco Non-Cumulative First Preferred Shares, Series L Shares Cross 5.5% Yield Mark
In trading on Friday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series L (TSX: GWO-PRL.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4125), with shares changing hands as low as $25.66 on the day. As of last close, GWO.PRL was trading at a 2.84% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of GWO.PRL shares, versus GWO:
Below is a dividend history chart for GWO.PRL, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series L:
In Friday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series L (TSX: GWO-PRL.TO ) is currently down about 0.2% on the day, while the common shares (TSX: GWO.TO ) are off about 0.8%.
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