Great-West Lifeco Preferred Stock, Series I, Over 6% Yield
In trading on Tuesday, Great-West Lifeco Inc.’s First Non-Cumulative Preferred Stock, Series I (TSX: GWO-PRI.TO) had a yield above the 6% mark based on a quarterly dividend ($1.125 annualized). At the last close, GWO.PRI was trading at a 24.60% discount to the liquidation priority. Investors should keep in mind that stocks are not. CumulativeThis means that in the event of a delinquency in payment, the company does not have to pay the preferred shareholders the balance of the outstanding dividend before resuming the regular dividend.
The chart below shows the performance of the GWO.PRI stock and the GWO over the past year.
Below is GWO.PRI’s dividend history chart, showing historical dividend payments on Great-West Lifeco Inc’s Non-Cumulative First Preferred Stock, Series I.
In trading on Tuesday, Great-West Lifeco Inc.’s First Non-Cumulative Preferred Stock, Series I (TSX: GWO-PRI.TO) is currently about 1% off on the day, while common stock (TSX: GWO.TO) is up about 1.2%.
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https://www.nasdaq.com/articles/great-west-lifecos-preferred-shares-series-i-cross-6-yield-mark-0 Great-West Lifeco Preferred Stock, Series I, Over 6% Yield