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Featured MNV Articles:
| TransAlta's Preferred Series C Shares Cross 8% Yield MarkBy Preferred Stock Channel Staff, Wednesday, June 7, 2:22 PM ET
In trading on Wednesday, shares of TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSE:TA.PRF.CA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.4635), with shares changing hands as low as $18.09 on the day. As of last close, TA.PRF.CA was trading at a 26.76% 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.PRF.CA shares, versus TA.CA:
Below is a dividend history chart for TA.PRF.CA, showing historical dividend payments on TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series C:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSE:TA.PRF.CA) is currently off about 1.2% on the day, while the common shares (TSE:TA.CA) are up about 1%.
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