Emera Series C Preferred Shares Cross 5% Yield Threshold


In Trading on Monday, the shares of the Cumulative Convertible First Preferred Share Series C Floating Rate of Emera Inc (TSX: EMA-PRC.TO) were losing above the 5% mark on the basis of its quarterly dividend (annualized at $ 1.1802), with stocks changing hands as low as $ 23.53 on that day. At the last close, EMA.PRC was trading at a discount of 4.76% from its liquidation preference amount. It should be noted that the preferred shares are convertible.

The graph below shows the one-year performance of EMA.PRC shares, compared to EMA:

Below is a dividend history chart for EMA.PRC, showing historical dividend payments on Emera Inc’s Cumulative Convertible First Preferred Series C Floating Rate:

EMA.PRC + Dividend + History + Graph

Free report: higher dividends of 7% and more (paid monthly)

At Monday’s trading session, the Cumulative Convertible First Preferred Series C Floating Rate Shares of Emera Inc (TSX: EMA-PRC.TO) is currently down about 0.8% on the day, while common stocks (TSX: EMA.TO) are trading flat.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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