Markets

Power Financial's Preferred Shares Series A Cross 6% Yield Mark

In trading on Monday, shares of Power Financial Corp's First Preferred Shares Series A (TSX: PWF-PRA.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $0.6913), with shares changing hands as low as $11.41 on the day. As of last close, PWF.PRA was trading at a 53.72% discount to its liquidation preference amount.

The chart below shows the one year performance of PWF.PRA shares, versus PWF:

Performance Comparison Chart

Below is a dividend history chart for PWF.PRA, showing historical dividend payments on Power Financial Corp's First Preferred Shares Series A:

PWF.PRA+Dividend+History+Chart

In Monday trading, Power Financial Corp's First Preferred Shares Series A (TSX: PWF-PRA.TO) is currently off about 1.4% on the day, while the common shares (TSX: PWF.TO) are down about 1.8%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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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