TransAlta's Preferred Shares, Series A Yield Pushes Past 5%By Preferred Stock Channel Staff, Monday, September 27, 2:04 PM ETIn trading on Monday, shares of TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series A (TSE:TA.PRD.CA) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.7192), with shares changing hands as low as $14.36 on the day. As of last close, TA.PRD.CA was trading at a 42.04% 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 TA.PRD.CA shares, versus TA.CA:
Below is a dividend history chart for TA.PRD.CA, showing historical dividend payments on TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series A:
Free Report: Top 7%+ Dividends (paid monthly) In Monday trading, TransAlta Corp's Cumulative Redeemable Rate Reset First Preferred Shares, Series A (TSE:TA.PRD.CA) is currently up about 0.3% on the day, while the common shares (TSE:TA.CA) are down about 0.4%.
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