Intact Financial Corp’s Preferred Shares Yield Over 6.5% Amid Market Fluctuations

Current Trading Status and Performance Insights

In trading on Wednesday, shares of Intact Financial Corp’s Non-cumulative Rate Reset Class A Shares Series 1 (TSX: IFC-PRA.TO) were yielding above the 6.5% mark based on its quarterly dividend, which annualizes to $1.2103. On that day, shares were priced as low as $18.52. Notably, IFC.PRA was trading at a 25.36% discount to its liquidation preference amount at the last close. It’s important for investors to remember that these preferred shares are convertible yet also non-cumulative, meaning if a payment is missed, the company is not obligated to pay back those missed dividends before resuming payouts to common shareholders.

One-Year Performance Review

The chart below illustrates the one-year performance of IFC.PRA shares compared to IFC:

Dividend History Overview

The following dividend history chart for IFC.PRA details past dividend payments on Intact Financial Corp’s Non-cumulative Rate Reset Class A Shares Series 1:

Market Movements for Wednesday

In Wednesday’s trading, Intact Financial Corp’s Non-cumulative Rate Reset Class A Shares Series 1 (TSX: IFC-PRA.TO) was down about 0.3%, while the common shares (TSX: IFC.TO) saw a slight decrease of around 0.2%.

Also see:

• DividendRank Canada
• Institutional Holders of WBAT
• KVUE DMA

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.