{"id":1614,"date":"2007-12-18T00:31:15","date_gmt":"2007-12-18T04:31:15","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1614"},"modified":"2007-12-18T00:31:15","modified_gmt":"2007-12-18T04:31:15","slug":"globe-mail-article-on-dividends-prefs-vs-gics","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1614","title":{"rendered":"Globe &amp; Mail Article on Dividends : Prefs vs. GICs"},"content":{"rendered":"<p>I was mentioned in <a href=\"http:\/\/www.reportonbusiness.com\/servlet\/story\/RTGAM.20071214.wstmain1215\/BNStory\/robColumnsBlogs\/home\">an article in the Globe and Mail<\/a> by Rob Carrick:<\/p>\n<blockquote><p>There are 38 different bank preferred share issues listed on the Toronto Stock Exchange, according to Globeinvestor.com. For some ideas on which might be suitable for conservative investors, let&#8217;s consult James Hymas, president of Hymas Investment Management and a top expert on preferred shares.<\/p>\n<p>Mr. Hymas highlighted the following: Canadian Imperial Bank of Commerce Series 26 (CM.PR.D). These shares pay annual dividends of $1.44 and have traded around $25.35 this week, which means a yield of 5.7 per cent. Mr. Hymas said CIBC can redeem these shares at its discretion in May, 2012, for $25, and he thinks there&#8217;s a reasonable chance of this happening. This would mean a slight capital loss, which you&#8217;d have to weigh against the high yield.<\/p>\n<p>National Bank of Canada Series 16 (NA.PR.L). National Bank announced a fourth-quarter loss as a result of exposure to asset-backed commercial paper, and its preferred shares have not been immune. At current prices around $21.40, the dividend of $1.21 yields 5.6 per cent.<\/p>\n<p>Royal Bank of Canada Series W (RY.PR.W). The annualized dividend of $1.23 yields about 5.3 per cent based on this week&#8217;s pricing in the range of $23.30.<\/p><\/blockquote>\n<p>The article has also been <a href=\"http:\/\/www.financialwebring.org\/forum\/viewtopic.php?t=105322&#038;start=133\">discussed at Financial Webring Forum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was mentioned in an article in the Globe and Mail by Rob Carrick: There are 38 different bank preferred share issues listed on the Toronto Stock Exchange, according to Globeinvestor.com. For some ideas on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-1614","post","type-post","status-publish","format-standard","hentry","category-press-clippings"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1614"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1614\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}