GMP Capital's Preferred Shares, Series B Yield Pushes Past 7.5%

In trading on Wednesday, shares of GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B (TSX: GMP-PRB.TO) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.3752), with shares changing hands as low as $18.25 on the day. As of last close, GMP.PRB was trading at a 26.00% 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 GMP.PRB shares, versus GMP:

Performance Comparison Chart

Below is a dividend history chart for GMP.PRB, showing historical dividend payments on GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B:

GMP.PRB+Dividend+History+Chart

In Wednesday trading, GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B (TSX: GMP-PRB.TO) is currently down about 1.4% on the day, while the common shares (TSX: GMP.TO) are up about 0.9%.

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

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

NextEra Energy Equity Units Ex-Dividend Reminder

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

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

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

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