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TransAlta's Preferred Series E Shares Cross 10% Yield Mark

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In trading on Thursday, shares of TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series E (TSX: TA-PRH.TO ) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $12.25 on the day. As of last close, TA.PRH was trading at a 49.60% 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 TA.PRH shares, versus TA:

Performance Comparison Chart

Below is a dividend history chart for TA.PRH, showing historical dividend payments on TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series E:

TA.PRH+Dividend+History+Chart

In Thursday trading, TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series E (TSX: TA-PRH.TO ) is currently down about 2.4% on the day, while the common shares (TSX: TA.TO ) are trading flat.

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.


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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