In trading on Friday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D (TSX: POW-PRD.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $22.35 on the day. As of last close, POW.PRD was trading at a 6.48% 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.PRD shares, versus POW:
Below is a dividend history chart for POW.PRD, showing historical dividend payments on Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D:
In Friday trading, Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D (TSX: POW-PRD.TO) is currently up about 2.2% on the day, while the common shares (TSX: POW.TO) are off about 1.5%.
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