Great-West Lifeco's Preferred Shares, Series H, Cross 5% Yield Mark

In trading on Thursday, shares of Great-West Lifeco Inc.'s Non-Cumulative First Preferred Shares, Series H (Toronto: GWO-PRH) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2125), with shares changing hands as low as $24.23 on the day. As of last close, GWO.PRH was trading at a 2.84% 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.PRH shares, versus GWO:

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Below is a dividend history chart for GWO.PRH, showing historical dividend payments on Great-West Lifeco Inc.'s Non-Cumulative First Preferred Shares, Series H:

In Thursday trading, Great-West Lifeco Inc.'s Non-Cumulative First Preferred Shares, Series H (Toronto: GWO-PRH) is currently off about 0.2% on the day, while the common shares (Toronto: GWO) are up about 0.7%.