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Meta Platforms, Inc.

196.64
USD
0.51%
196.64
USD
0.51%
169.00 384.33
52 weeks
52 weeks

Mkt Cap 465.31B

Shares Out 2.37B

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Great-West Lifeco's Preferred Shares, Series M, Cross 6% Yield Mark

In trading on Tuesday, shares of Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series M (TSX: GWO-PRM.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.45), with shares changing hands as low as $23.86 on the day. As of last close, GWO.PRM was trading at a 3.12% 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 GWO.PRM shares, versus GWO: Below is a dividend history chart for GWO.PRM, showing historical dividend payments on Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series M: In Tuesday trading, Great-West Lifeco Inc's Non-Cumulative First Preferred Shares, Series M (TSX: GWO-PRM.TO) is currently off about 1.5% on the day, while the common shares (TSX: GWO.TO) are off about 0.2%. Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory » 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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