Capital Power Preference Shares Yielding Over 7% Amid Market Moves

In a recent report, it was noted that Capital Power Corp's Cumulative Rate Reset Preference Shares (CPX-PRC) were yielding above 7% based on their quarterly dividend, currently showing stability and slight increases in trading. Investors may want to keep an eye on this stock.

Date: 16-09-2024

AI Rating: 7

The report highlights the trading dynamics of Capital Power Corp's Cumulative Rate Reset Preference Shares (CPX-PRC), which are yielding above 7% based on a quarterly dividend of $1.715. This indicates a strong return opportunity for investors, particularly in a market looking for stable dividend yields.

CPX.PRC shares were noted to trade as low as $24.39, maintaining a 1.12% discount to its liquidation preference amount. Such pricing may attract risk-averse investors, especially given the shares are convertible, increasing their appeal.

Moreover, on the trading day referenced, CPX.PRC managed a modest increase of about 0.5%, while the common shares (CPX) were up about 0.7%. This indicates that the market sentiment towards Capital Power's preference shares is positive, potentially influencing further investor interest.

Stocks: CPX