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Intact Financial's Series 3 Shares Cross 4% Yield Mark

In trading on Monday, shares of Intact Financial Corp's Non-cumulative Rate Reset Class A Shares Series 3 (TSX: IFC-PRC.TO ) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.05), with shares changing hands as low as $26.24 on the day. As of last close, IFC.PRC was trading at a 5.32% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible . 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 IFC.PRC shares, versus IFC:

Performance Comparison Chart

Below is a dividend history chart for IFC.PRC, showing historical dividend payments on Intact Financial Corp's Non-cumulative Rate Reset Class A Shares Series 3:

IFC.PRC+Dividend+History+Chart

In Monday trading, Intact Financial Corp's Non-cumulative Rate Reset Class A Shares Series 3 (TSX: IFC-PRC.TO ) is currently down about 0.1% on the day, while the common shares (TSX: IFC.TO ) are up about 0.1%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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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