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Bullboard - Stock Discussion Forum Capital Power Corp T.CPX.P.C


Primary Symbol: T.CPX Alternate Symbol(s):  CPXWF | CPWPF | T.CPX.P.A | T.CPX.P.E | T.CPX.P.K | CPRHF

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of... see more

TSX:CPX - Post Discussion

Capital Power Corp > Preferred Shares are Selling OFF
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Post by indoubtgetout on Sep 28, 2020 12:21pm

Preferred Shares are Selling OFF

Usually when on class of shares sells off the other follows....so be looking for a 20% correction in the CPX comon unless of course the sell off in CPX preferred shares is short lived.  CPX.PR.I has a floor dividend of $1.435 payable quarterly and at a trade price of $22.50, this preferred would yield 6.5%.....unless you think this power company is going bankrupt, you would think that a dividend yield, even if you didn't get the tax credit (say you buy it in your RRIF), 6.5% is a fantastic yield........
Comment by prabhatmalik on Sep 30, 2020 1:21pm
You are right. 
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