Atlantic Power's Preferred Shares, Series 2, Cross 15% Yield Mark

In trading on Tuesday, shares of Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO) were yielding above the 15% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $11.31 on the day. As of last close, AZP.PRB was trading at a 53.00% 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 AZP.PRB shares, versus ATP:

Performance Comparison Chart

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Below is a dividend history chart for AZP.PRB, showing historical dividend payments on Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2:

AZP.PRB+Dividend+History+Chart

In Tuesday trading, Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO) is currently down about 1.3% on the day, while the common shares (TSX: ATP.TO) are up about 2.9%.

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