Northland Power's Preferred Shares, Series 3 Crosses Above 5.5% Yield Territory

In trading on Thursday, shares of Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $22.60 on the day. As of last close, NPI.PRC was trading at a 7.20% 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 NPI.PRC shares, versus NPI:

Performance Comparison Chart

Below is a dividend history chart for NPI.PRC, showing historical dividend payments on Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3:

NPI.PRC+Dividend+History+Chart

In Thursday trading, Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO) is currently off about 0.5% on the day, while the common shares (TSX: NPI.TO) are down about 0.5%.

If you liked this article you might like

Cash Dividend On The Way From Wells Fargo Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L

NextEra Energy Equity Units Ex-Dividend Reminder

Ex-Div Reminder For AG Mortgage Investment Trust Series A Cumulative Redeemable Preferred Stock

KeyCorp's Non-Cumulative Perpetual Convertible Preferred Stock, Series A Goes Ex-Dividend Soon

Cash Dividend On The Way From Sun Life Financial's Preferred Shares Series 5