Shutterstock photo
In trading on Wednesday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series B (TSX: POW-PRB.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3375), with shares changing hands as low as $24.30 on the day. As of last close, POW.PRB was trading at a 2.08% 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 POW.PRB shares, versus POW:
Below is a dividend history chart for POW.PRB, showing historical dividend payments on Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series B:
In Wednesday trading, Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series B (TSX: POW-PRB.TO ) is currently up about 0.2% on the day, while the common shares (TSX: POW.TO ) are up about 0.4%.
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.
