Capstone Infrastructure's Preferred Shares, Series A Yield Pushes Past 9%

In trading on Wednesday, shares of Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A (TSX: CSE-PRA.TO) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $13.51 on the day. As of last close, CSE.PRA was trading at a 44.36% 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 CSE.PRA shares, versus CSE:

Performance Comparison Chart

START SLIDESHOW:
Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

Below is a dividend history chart for CSE.PRA, showing historical dividend payments on Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A:

CSE.PRA+Dividend+History+Chart

In Wednesday trading, Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A (TSX: CSE-PRA.TO) is currently down about 2.8% on the day, while the common shares (TSX: CSE.TO) are up about 0.6%.

More from Stocks

Dow Futures Pop Despite Rising Trade War Fears

Dow Futures Pop Despite Rising Trade War Fears

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Complicated Investing Strategies Millennials Love

3 Complicated Investing Strategies Millennials Love

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals