Power Corp. of Canada's Preferred Series C Shares Cross 6% Yield Mark

In trading on Thursday, shares of Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series C (TSX: POW-PRC.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.45), with shares changing hands as low as $24.16 on the day. As of last close, POW.PRC was trading at a 2.60% 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 POW.PRC shares, versus POW:

Below is a dividend history chart for POW.PRC, showing historical dividend payments on Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series C:

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

In Thursday trading, Power Corp. of Canada's Non-Cumulative First Preferred Shares, Series C (TSX: POW-PRC.TO) is currently trading flat on the day, while the common shares (TSX: POW.TO) are down about 0.4%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

Also see:

• VCKA market cap history
• SPNS Average Annual Return
• FPX Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.