In trading on Tuesday, shares of Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSX: TA-PRF.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4635), with shares changing hands as low as $24.35 on the day. As of last close, TA.PRF was trading at a 2.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
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The chart below shows the one year performance of TA.PRF shares, versus TA:
Below is a dividend history chart for TA.PRF, showing historical dividend payments on Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series C:
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In Tuesday trading, Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSX: TA-PRF.TO) is currently up about 0.2% on the day, while the common shares (TSX: TA.TO) are down about 0.8%.
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