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Great-West Lifeco Non-Cumulative First Preferred Shares, Series G About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Tuesday, November 29, 1:49 PM ETOn 12/1/22, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G (TSE:GWO.PRG.CA) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/30/22. As a percentage of GWO.PRG.CA's recent share price of $20.08, this dividend works out to approximately 1.62%, so look for shares of GWO.PRG.CA to trade 1.62% lower — all else being equal — when GWO.PRG.CA shares open for trading on 12/1/22. On an annualized basis, the current yield is approximately 6.54%. As of last close, GWO.PRG.CA was trading at a 20.44% 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 GWO.PRG.CA shares, versus GWO.CA:
Below is a dividend history chart for GWO.PRG.CA, showing historical dividends prior to the most recent $0.325 on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G: Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Tuesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series G (TSE:GWO.PRG.CA) is currently up about 0.9% on the day, while the common shares (TSE:GWO.CA) are trading flat.
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