Capital Power's Preference Shares, Series 1, Cross 6% Yield Mark

In trading on Wednesday, shares of Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1 (TSX: CPX-PRA.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.15), with shares changing hands as low as $19.15 on the day. As of last close, CPX.PRA was trading at a 22.00% 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.PRA shares, versus CPX:

Performance Comparison Chart

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Below is a dividend history chart for CPX.PRA, showing historical dividend payments on Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1:

CPX.PRA+Dividend+History+Chart

In Wednesday trading, Capital Power Corp's Cumulative Rate Reset Preference Shares, Series 1 (TSX: CPX-PRA.TO) is currently down about 1.8% on the day, while the common shares (TSX: CPX.TO) are up about 1.1%.

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