Markets

TransAlta's Preferred Shares, Series C Crosses Above 9.5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Tuesday, shares of TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSX: TA-PRF.TO ) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $1.15), with shares changing hands as low as $11.98 on the day. As of last close, TA.PRF was trading at a 51.08% 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.PRF shares, versus TA:

Performance Comparison Chart

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

TA.PRF+Dividend+History+Chart

In Tuesday trading, TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSX: TA-PRF.TO ) is currently down about 2% on the day, while the common shares (TSX: TA.TO ) are down about 0.5%.

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.