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Power Financial Corp's Non-Cumulative First Preferred Shares, Series L Shares Cross 5.5% Yield Mark

In trading on Friday, shares of Power Financial Corp's Non-Cumulative First Preferred Shares, Series L (TSX: PWF-PRL.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.275), with shares changing hands as low as $22.80 on the day. As of last close, PWF.PRL was trading at a 7.12% 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 PWF.PRL shares, versus PWF:

Performance Comparison Chart

Below is a dividend history chart for PWF.PRL, showing historical dividend payments on Power Financial Corp's Non-Cumulative First Preferred Shares, Series L:

PWF.PRL+Dividend+History+Chart

In Friday trading, Power Financial Corp's Non-Cumulative First Preferred Shares, Series L (TSX: PWF-PRL.TO ) is currently down about 1.8% on the day, while the common shares (TSX: PWF.TO ) are up about 1.2%.

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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