Premium Income Corp T.PIC.A

Buzz on the Bullboards: Three engaging TSX stocks with a holiday flavour

[Jonathon Brown]

The TSX has experienced a rocky week, marked by five consecutive sessions of declines, but several stocks offer compelling opportunities. read article.

[Higherhopes2020]

Tomorrow is x dividend. Preferred is paying 11 cents.

[elonmuskrat247]

next distribution at the end of Dec. 15.238% at $6.30 market price. 

[PressRelease]

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- (TSX: PIC.A; PIC.PR.A) Premium Income Corporation has declared monthly distributions payable on December 31, 2024 to shareholders of record on December 13, 2024 in the following amounts per share:Share ClassTickerAmount Per ShareClass A SharesPIC.A$0...read article.

[elonmuskrat247]

Yup, PIC. Pr. A is a good holding especially now at the new rate, bought a bunch a while back at $11 and sold half at $15.2. Bought PIC. a in the low $3 range and hold them as well. Now we have

[wolverine99]

The A share is unsettled after the Consolidation, hard to know where the bottom is. Have a GIC due in January, headed to the Preferred for sure. In all the Preferreds for the other Splits, been a

[Higherhopes2020]

Thanks.  I hold lots of pic.pr.a   I paid $15 pays 8.5% better than gic.

[DanderBolt]

https://youtu.be/ttCU3rb5QLA?feature=shared

[marcrobert]

at 4.80, it would get back to the 20% distribution. considering  banks and lifecos doing well and other splits have been doing ok, it looks like some are jumping ship finally. so yield on current

[Mrfriendlyx]

Here is your dip. Dropped 49 cents since the split. I think it might even drop under $6 soon. Might buy some soon. Glad I sold out before this mess. 

[elonmuskrat247]

are poised to do well, even though they are on a roll at the moment. I think that with the lowering of interest rates in Canada, that the provisions for loan losses already on the banks books will not

[marcrobert]

obviously, they never planned for a shares to drop to that level and a 20+% yield, but capital erosion over time got it there. i'm glad i got out a bit with some gains before election and a bit

[mnztr]

Why don't I like it after a 30% cut in divvy? Because it means that the issuer no longer respects the investor, and the capital losses over the last few years are not likely to ever be recovered

[navgod]

Most of this reflects the stupid premium PIC.a was trading at on your start date (over $3/50%). If you buy then you deserve this result!

[marcrobert]

hey, if you liked it at 20% yield, why wouldn't you love it at 14%?  kind of puzzling, some dumped right before election (bad timing in hindsight), and since the underlying has been

[wolverine99]

Of all the Splits out there, DFN,LBS, BK, FTN etc., this one is likely the least volatile, has no NAV trigger, and  a 15% yield. Lots to attract people, Canadians Banks a pretty safe place to