TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series A About To Put More Money In Your Pocket

On 11/26/14, TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series A (Toronto: TA-PRD) will trade ex-dividend, for its quarterly dividend of $0.2875, payable on 12/31/14. As a percentage of TA.PRD's recent share price of $15.80, this dividend works out to approximately 1.82%, so look for shares of TA.PRD to trade 1.82% lower — all else being equal — when TA.PRD shares open for trading on 11/26/14. On an annualized basis, the current yield is approximately 7.30%.