Power Financial's Preferred Shares, Series S Crosses Above 5.5% Yield Territory

In trading on Thursday, shares of Power Financial Corp's Non-Cumulative First Preferred Shares, Series S (TSX: PWF-PRS.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $21.73 on the day. As of last close, PWF.PRS was trading at a 12.00% 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:

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

In Thursday trading, Power Financial Corp's Non-Cumulative First Preferred Shares, Series S (TSX: PWF-PRS.TO ) is currently up about 0.3% 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.

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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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