Great-West Lifeco's Preferred Shares, Series Q Crosses Above 5% Yield TerritoryBy Preferred Stock Channel Staff, Friday, May 14, 2:07 PM ETIn trading on Friday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series Q (TSE:GWO.PRQ.CA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2875), with shares changing hands as low as $25.52 on the day. As of last close, GWO.PRQ.CA was trading at a 3.36% premium 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 GWO.PRQ.CA shares, versus GWO.CA:
Below is a dividend history chart for GWO.PRQ.CA, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series Q:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series Q (TSE:GWO.PRQ.CA) is currently up about 0.7% on the day, while the common shares (TSE:GWO.CA) are up about 1.2%.
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