Power Corp. of Canada's Preferred Shares, Series B Yield Pushes Past 5.5%
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%.
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