In trading on Wednesday, shares of Fairfax Financial Holdings Ltd’s Cumulative 5-Year Rate Reset Preferred Shares, Series K (TSX: FFH-PRK.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2613), with shares changing hands as low as $21.00 on the day. As of last close, FFH.PRK was trading at a 15.80% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
The chart below shows the one year performance of FFH.PRK shares, versus FFH:
Below is a dividend history chart for FFH.PRK, showing historical dividend payments on Fairfax Financial Holdings Ltd’s Cumulative 5-Year Rate Reset Preferred Shares, Series K:
In Wednesday trading, Fairfax Financial Holdings Ltd’s Cumulative 5-Year Rate Reset Preferred Shares, Series K (TSX: FFH-PRK.TO) is currently down about 0.2% on the day, while the common shares (TSX: FFH.TO) are up about 1.2%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
