TransAlta Corp
> Some TransAlta Preferreds NOW Yielding OVER 10%,,,,,,,,,,,,,
Post by
Red_Deer on Oct 31, 2023 1:17pm
Some TransAlta Preferreds NOW Yielding OVER 10%,,,,,,,,,,,,,
For AnyOne WANTING a VERY GOOD Yield from TransAlta__Then Take a LOOK at SOME
of their Preferred Shares.
Here are the Current Dividends Announced Yesterday The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including September30, 2023, up to but excluding December31, 2023:
| Preferred
Shares | TSX Stock
Symbol | Dividend
Rate | Dividend Per
Share | Record
Date | Payment
Date |
| Series A | TA.PR.D | 2.877 % | $0.17981 | December 1, 2023 | December 31, 2023 |
| Series B* | TA.PR.E | 7.187 % | $0.45288 | December 1, 2023 | December 31, 2023 |
| Series C | TA.PR.F | 5.854 % | $0.36588 | December 1, 2023 | December 31, 2023 |
| Series D* | TA.PR.G | 8.257 % | $0.52030 | December 1, 2023 | December 31, 2023 |
| Series E | TA.PR.H | 6.894 % | $0.43088 | December 1, 2023 | December 31, 2023 |
| Series G | TA.PR.J | 4.988 % | $0.31175 | December 1, 2023 | December 31, 2023 |
*Please note the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.
The BEST ONE to Get Would BE the PR.E__Which IS Yielding OVER 12 %% with
the 0.45288 Dividend DECLARED Above.
The PR.G ALSO are Yielding ALMOST 12 %%__BUT are VERY ILLIQUID__THUS
VERY Hard to BUY Any.
BOTH the E and the G Have the Dividend RESET Every 3 Months__BASED Upon the 3 MONTH Bank of Canada RATE__Thus AS LONG AS the Current HIGH Interest
Rates PREVAIL They WILL Continue to Yield WELL OVER 10%__Likely For AT LEAST the Next 18 Months.
The Next BEST Yielding is the Preferred H__Currently Yielding ALMOST 10%__But
NOTE that the 0.43088 Dividend IS LOCKED in Until September 30, 2027 as the H
are 5 Year Rate Reset Preferreds__With the Rate DETERMINED by the 5 Year Bank Rate at the Time of ReSet.
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