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| Great-West Lifeco's Preferred Series P Shares Cross 7% Yield MarkBy Preferred Stock Channel Staff, Thursday, September 14, 2:20 PM ET
In trading on Thursday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series P (TSE:GWO.PRP.CA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.35), with shares changing hands as low as $19.28 on the day. As of last close, GWO.PRP.CA was trading at a 22.60% 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 GWO.PRP.CA shares, versus GWO.CA:
Below is a dividend history chart for GWO.PRP.CA, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series P:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series P (TSE:GWO.PRP.CA) is currently off about 0.3% on the day, while the common shares (TSE:GWO.CA) are up about 1%.
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