TransCanada's Preferred Series 5 Shares Cross 3.5% Yield Mark

In trading on Friday, shares of TransCanada Corp’s Cumulative Redeemable First Preferred Shares, Series 5 (TSX: TRP-PRC.TO ) were yielding above the 3.5% mark based on its quarterly dividend (annualized to $0.5658), with shares changing hands as low as $16.01 on the day. As of last close, TRP.PRC was trading at a 35.00% 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 TRP.PRC shares, versus TRP:

Performance Comparison Chart

Below is a dividend history chart for TRP.PRC, showing historical dividend payments on TransCanada Corp’s Cumulative Redeemable First Preferred Shares, Series 5:

TRP.PRC+Dividend+History+Chart

In Friday trading, TransCanada Corp’s Cumulative Redeemable First Preferred Shares, Series 5 (TSX: TRP-PRC.TO ) is currently down about 0.9% on the day, while the common shares (TSX: TRP.TO ) are down about 0.5%.


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