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Husky Energy's Preferred Shares, Series 1 Crosses Above 8.5% Yield Territory

In trading on Friday, shares of Husky Energy Inc.'s Cumulative Redeemable Rate Reset Preferred Shares, Series 1 (TSX: HSE-PRA.TO ) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.1125), with shares changing hands as low as $13.03 on the day. As of last close, HSE.PRA was trading at a 46.88% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of HSE.PRA shares, versus HSE:

Performance Comparison Chart

Below is a dividend history chart for HSE.PRA, showing historical dividend payments on Husky Energy Inc.'s Cumulative Redeemable Rate Reset Preferred Shares, Series 1:

HSE.PRA+Dividend+History+Chart

In Friday trading, Husky Energy Inc.'s Cumulative Redeemable Rate Reset Preferred Shares, Series 1 (TSX: HSE-PRA.TO ) is currently down about 1.5% on the day, while the common shares (TSX: HSE.TO ) are up about 0.3%.

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


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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