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Power Financial Corp's Non-Cumulative First Preferred Shares, Series S About To Put More Money In Your Pocket

On 10/7/15, Power Financial Corp's Non-Cumulative First Preferred Shares, Series S (TSX: PWF-PRS.TO ) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 10/31/15. As a percentage of PWF.PRS's recent share price of $21.30, this dividend works out to approximately 1.41%, so look for shares of PWF.PRS to trade 1.41% lower - all else being equal - when PWF.PRS shares open for trading on 10/7/15. On an annualized basis, the current yield is approximately 5.59%.

As of last close, PWF.PRS was trading at a 14.00% 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.PRS shares, versus PWF:

Performance Comparison Chart

Below is a dividend history chart for PWF.PRS, showing historical dividends prior to the most recent $0.30 on Power Financial Corp's Non-Cumulative First Preferred Shares, Series S:

PWF.PRS+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Power Financial Corp (TSX: PWF.TO ) makes up 2.76% of the Morningstar International Moat ETF ( MOTI ) which is trading relatively unchanged on the day Monday.

In Monday trading, Power Financial Corp's Non-Cumulative First Preferred Shares, Series S (TSX: PWF-PRS.TO ) is currently down about 0.9% on the day, while the common shares (TSX: PWF.TO ) are trading flat.

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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