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| Power Corp. of Canada's Preferred Shares, Series A, Cross 6.5% Yield MarkBy Preferred Stock Channel Staff, Tuesday, May 30, 2:03 PM ET
In trading on Tuesday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series A (TSE:POW.PRA.CA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.40), with shares changing hands as low as $21.46 on the day. As of last close, POW.PRA.CA was trading at a 13.60% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of POW.PRA.CA shares, versus POW.CA:
Below is a dividend history chart for POW.PRA.CA, showing historical dividend payments on Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series A:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series A (TSE:POW.PRA.CA) is currently up about 0.3% on the day, while the common shares (TSE:POW.CA) are trading flat.
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