In trading on Monday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series H (TSX: GWO-PRH.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2125), with shares changing hands as low as $22.04 on the day. As of last close, GWO.PRH was trading at a 11.00% discount 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.
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The chart below shows the one year performance of GWO.PRH shares, versus GWO:
Below is a dividend history chart for GWO.PRH, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series H:
In Monday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series H (TSX: GWO-PRH.TO) is currently down about 0.9% on the day, while the common shares (TSX: GWO.TO) are trading flat.
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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.
