Emera's Series C Preferred stock Shares Cross 7.5% Yield Mark

By Preferred Stock Channel Staff, Monday, April 1, 2:05 PM ET

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In trading on Monday, shares of Emera Inc's Variable rate series C cumulative convertible first preferred stock (TSE:EMA.PRC.CA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.6085), with shares changing hands as low as $21.28 on the day. As of last close, EMA.PRC.CA was trading at a 14.12% 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 EMA.PRC.CA shares, versus EMA.CA:

Performance Comparison Chart

Below is a dividend history chart for EMA.PRC.CA, showing historical dividend payments on Emera Inc's Variable rate series C cumulative convertible first preferred stock:

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In Monday trading, Emera Inc's Variable rate series C cumulative convertible first preferred stock (TSE:EMA.PRC.CA) is currently up about 0.2% on the day, while the common shares (TSE:EMA.CA) are off about 1.3%.

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Emera's Series C Preferred stock Shares Cross 7.5% Yield Mark

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