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| Royal Bank of Canada's Preferred Shares Series AH Yield Pushes Past 5%By Preferred Stock Channel Staff, Friday, December 8, 3:47 PM ET
In trading on Friday, shares of Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH (TSE:RY.PRH.CA) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.9125), with shares changing hands as low as $18.24 on the day. As of last close, RY.PRH.CA was trading at a 25.04% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of RY.PRH.CA shares, versus RY.CA:
Below is a dividend history chart for RY.PRH.CA, showing historical dividend payments on Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, Royal Bank of Canada (Montreal, Quebec)'s Non-Cumulative First Preferred Shares Series AH (TSE:RY.PRH.CA) is currently down about 2.6% on the day, while the common shares (TSE:RY.CA) are up about 1%.
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