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| AltaGas' Preferred Shares, Series A Crosses Above 4% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, February 6, 2:04 PM ET
In trading on Tuesday, shares of AltaGas Ltd's Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (TSE:ALA.PRA.CA) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.765), with shares changing hands as low as $18.80 on the day. As of last close, ALA.PRA.CA was trading at a 22.04% 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 ALA.PRA.CA shares, versus ALA.CA:
Below is a dividend history chart for ALA.PRA.CA, showing historical dividend payments on AltaGas Ltd's Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, AltaGas Ltd's Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (TSE:ALA.PRA.CA) is currently up about 3.8% on the day, while the common shares (TSE:ALA.CA) are down about 0.7%.
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