Power Corp. of Canada's Preferred Shares, Series G, Cross 6% Yield Mark
In trading on Friday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series G (TSX: POW-PRG.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.40), with shares changing hands as low as $23.23 on the day. As of last close, POW.PRG was trading at a 6.36% 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.
Continue read on nasdaq.com