Atlantic Power's Preferred Series 1 Shares Cross 9% Yield Mark

In trading on Monday, shares of Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1 (TSX: AZP-PRA.TO) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.2125), with shares changing hands as low as $13.45 on the day. As of last close, AZP.PRA was trading at a 45.68% discount to its liquidation preference amount.

The chart below shows the one year performance of AZP.PRA shares, versus ATP:

Performance Comparison Chart

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Below is a dividend history chart for AZP.PRA, showing historical dividend payments on Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1:

AZP.PRA+Dividend+History+Chart

In Monday trading, Atlantic Power Corporation's 4.85% Cumulative Redeemable Preferred Shares, Series 1 (TSX: AZP-PRA.TO) is currently off about 1% on the day, while the common shares (TSX: ATP.TO) are down about 5.8%.

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