In trading on Monday, shares of Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series A (TSX: POW-PRA.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.PRA was trading at a 13.64% 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.

The chart below shows the one year performance of POW.PRA shares, versus POW:

Below is a dividend history chart for POW.PRA, showing historical dividend payments on Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series A:

In Monday trading, Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series A (TSX: POW-PRA.TO) is currently up about 0.6% on the day, while the common shares (TSX: POW.TO) are up about 1.8%.

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