Transalta's Preferred Series E Shares Cross 8% Yield Mark

In trading on Thursday, shares of Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series E (TSX: TA-PRH.TO) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.7235), with shares changing hands as low as $21.20 on the day. As of last close, TA.PRH was trading at a 13.76% 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 TA.PRH shares, versus TA:

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

In Thursday trading, Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series E (TSX: TA-PRH.TO) is currently up about 0.3% on the day, while the common shares (TSX: TA.TO) are up about 0.5%.

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