Great-West Lifeco's Preferred Shares, Series L Yield Pushes Past 6.5%

In trading on Tuesday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series L (TSX: GWO-PRL.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4125), with shares changing hands as low as $21.71 on the day. As of last close, GWO.PRL was trading at a 12.60% 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.

The chart below shows the one year performance of GWO.PRL shares, versus GWO:

Performance Comparison Chart

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:

GWO.PRL+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series L (TSX: GWO-PRL.TO) is currently up about 0.7% on the day, while the common shares (TSX: GWO.TO) are up about 1.6%.

Also see:
• CYD Options Chain
• ENLC market cap history
• GEH Historical Stock Prices

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

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.