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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Regarding Brian’s question:
I can’t find a press release, but I think this issue was in fact scheduled to reset on Dec 1 , 2023
Pembina website shows a dividend rate of 6.525%, presumably based on par at $25. This would run until Dec 1, 2028.
Adds up to about $1.63 per annum or $.4078 quarterly.
Stock closed at $20 so if bought at that price would effectively yield about 8.16%.
I apologize if my math or info is incorrect, but this is worth rechecking I think.
Read Answer Asked by john on December 04, 2023
Q: Ref Brian question on Friday, Dec 1 :

``The annual dividend rate for the Series 1 Shares for the five-year period from and including December 1, 2023, to, but excluding, December 1, 2028, will be 6.525 percent, being equal to the five-year Government of Canada bond yield of 4.055 percent determined as of today plus 2.47 percent, in accordance with the terms of the Series 1 Shares.`` .

According to me, the dividend should now be 0.4075 …
Read Answer Asked by Denise on December 04, 2023
Q: Hi 5i team, I am trying to understand the difference between some of the different series of preferred shares of Pembina Pipeline. For example ppl.pr.a with current price of $15.60 yields 7.86 percent while ppl.pr.k has a price of $25.47 and yields 5.64 percent. Can you explain the difference between these two series and offer your opinion as to which is better to buy. Thanks.
Read Answer Asked by Mario on August 21, 2019
Q: I have accounts with Wood Gundy and Investors Edge, so consequently had a mishmash of preferred share holdings. In an effort to build a better yielding, laddered, preferred share portion of my portfolio, I sold all current preferred positions and am planning a ladder with the above noted shares in a non-registered account. These will constitute about 20% of my total portfolio. Do you have any concerns with the choices, or rate resets in general ? I rate resets have not performed well, but the yields are quite attractive.
Read Answer Asked by Mark on April 03, 2019
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