In trading on Wednesday, 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 $21.53 on the day. As of last close, POW.PRG was trading at a 13.60% 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.PRG shares, versus POW:
Below is a dividend history chart for POW.PRG, showing historical dividend payments on Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series G:
In Wednesday trading, Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series G (TSX: POW-PRG.TO) is currently down about 0.3% on the day, while the common shares (TSX: POW.TO) are up about 1.9%.
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