Power Corp. of Canada's Preferred Shares, Series G, Cross 6.5% Yield Mark

In trading on Thursday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series G (TSX: POW-PRG.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.40), with shares changing hands as low as $21.50 on the day. As of last close, POW.PRG was trading at a 13.16% 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.