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| Great-West Lifeco's Preferred Shares, Series R Yield Pushes Past 7%By Preferred Stock Channel Staff, Wednesday, August 30, 2:50 PM ET
In trading on Wednesday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R (TSE:GWO.PRR.CA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $17.14 on the day. As of last close, GWO.PRR.CA was trading at a 30.40% 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 GWO.PRR.CA shares, versus GWO.CA:
Below is a dividend history chart for GWO.PRR.CA, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series R (TSE:GWO.PRR.CA) is currently up about 0.2% on the day, while the common shares (TSE:GWO.CA) are trading flat.
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