Capital Power's Preference Shares, Series 5, Cross 7% Yield Mark

In trading on Monday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6578), with shares changing hands as low as $23.55 on the day. As of last close, CPX.PRE was trading at a 4.20% 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 shares, versus CPX:

Below is a dividend history chart for CPX.PRE, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5:

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Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 5 (TSX: CPX-PRE.TO) is currently down about 1% on the day, while the common shares (TSX: CPX.TO) are up about 0.1%.

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