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| Power Corp. of Canada's Preferred Shares, Series D Crosses Above 7% Yield TerritoryBy Preferred Stock Channel Staff, Wednesday, August 23, 2:07 PM ET
In trading on Wednesday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D (TSE:POW.PRD.CA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $17.80 on the day. As of last close, POW.PRD.CA was trading at a 27.92% 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.PRD.CA shares, versus POW.CA:
Below is a dividend history chart for POW.PRD.CA, showing historical dividend payments on Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series D (TSE:POW.PRD.CA) is currently down about 0.4% on the day, while the common shares (TSE:POW.CA) are up about 0.2%.
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