In trading on Tuesday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G (TSX: GWO-PRG.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $23.63 on the day. As of last close, GWO.PRG was trading at a 5.04% 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.
Top Ten Hedge Funds Holding FSZ
HTZ Options Chain
The chart below shows the one year performance of GWO.PRG shares, versus GWO:
Below is a dividend history chart for GWO.PRG, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G:
In Tuesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G (TSX: GWO-PRG.TO) is currently up about 0.1% on the day, while the common shares (TSX: GWO.TO) are up about 0.7%.
Also see:
Funds Holding JT Top Ten Hedge Funds Holding FSZ
HTZ Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
