On Friday, Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series H (TSX: GWO-PRH.TO) yielded above 5.5%, trading as low as $21.99. The shares were at an 11.28% discount to their liquidation preference, with an annualized quarterly dividend of $1.2125. Importantly, these shares are non-cumulative, which means missed payments do not need to be repaid before common dividends resume.
As of the last close on Friday, GWO.PRH shares were up about 0.5%, while the common shares (TSX: GWO.TO) increased by roughly 0.1%.
