Royal Bank of Canada's Preferred Shares AH Shares Cross 4.5% Yield Mark
In trading on Tuesday, shares of Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH (TSX: RY-PRH.TO ) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.975), with shares changing hands as low as $21.28 on the day. As of last close, RY.PRH was trading at a 12.92% 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 RY.PRH shares, versus RY:
Below is a dividend history chart for RY.PRH, showing historical dividend payments on Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH:
In Tuesday trading, Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH (TSX: RY-PRH.TO ) is currently down about 2.2% on the day, while the common shares (TSX: RY.TO ) are down about 1.2%.
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