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Capital Power's Preference Shares, Series 5 Crosses Above 6% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, May 11, 2:16 PM ETIn trading on Tuesday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSE:CPX.PRE.CA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3095), with shares changing hands as low as $21.64 on the day. As of last close, CPX.PRE.CA was trading at a 11.60% 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 CPX.PRE.CA shares, versus CPX.CA:
Below is a dividend history chart for CPX.PRE.CA, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Tuesday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSE:CPX.PRE.CA) is currently down about 0.6% on the day, while the common shares (TSE:CPX.CA) are down about 0.6%.
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