Markets

TransCanada's Preferred Shares, Series 5 Yield Pushes Past 4.5%

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Tuesday, shares of TransCanada Corp's Cumulative Redeemable First Preferred Shares, Series 5 (TSX: TRP-PRC.TO ) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.5658), with shares changing hands as low as $12.52 on the day. As of last close, TRP.PRC was trading at a 48.80% 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 TRP.PRC shares, versus TRP:

Performance Comparison Chart

Below is a dividend history chart for TRP.PRC, showing historical dividend payments on TransCanada Corp's Cumulative Redeemable First Preferred Shares, Series 5:

TRP.PRC+Dividend+History+Chart

In Tuesday trading, TransCanada Corp's Cumulative Redeemable First Preferred Shares, Series 5 (TSX: TRP-PRC.TO ) is currently trading flat on the day, while the common shares (TSX: TRP.TO ) are up about 2.6%.

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.