Markets

Shaw Comm Class B's Preferred Shares, Series A Crosses Above 7.5% Yield Territory

In trading on Thursday, shares of Shaw Comm Class B NV's Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A (TSX: SJR-PRA.TO ) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $14.13 on the day. As of last close, SJR.PRA was trading at a 38.76% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

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

Performance Comparison Chart

Below is a dividend history chart for SJR.PRA, showing historical dividend payments on Shaw Comm Class B NV's Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A:

SJR.PRA+Dividend+History+Chart

In Thursday trading, Shaw Comm Class B NV's Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A (TSX: SJR-PRA.TO ) is currently off about 3.7% on the day, while the common shares (TSX: SJR-B.TO ) are up about 0.9%.

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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