Compare Preferred Shares With Credit Rating Pfd-2

Use this tool to Compare Preferred Shares With Credit Rating Pfd-2. The tool allows you to compare all preferred shares from issuers with credit rating of Pfd-2. The set includes all perpetual and resets from all sectors. The only filter here is the credit rating of the issuer. Most importantly all the legwork is done. In other words, we have collected, processed and categorized the data. Subsequently all the relevant data you need to make your decision is available to you.

 

Ratings of Pfd-2, Pfd-2High and Pfd-2Low from the credit rating agencies are used to indicate a rating of Upper-medium grade which comes with moderate credit risk.  There is substantial protection of dividend and principal, but earnings, balance sheet and coverage ratios are not as strong as Pfd-1 rated companies. Generally, Pfd-2 ratings correspond with companies whose senior bonds are rated in the “A” category.  Pfd-2 represents the middle credit rating in this category.

 

Compare Preferred Shares With Credit Rating Pfd-2 process

The companies you see here are large, established Canadian financial institutions, such as banks and insurance companies. Any issues here are good investments for investors seeking stability and low risk while at the same time receiving a good dividend.

 

The information is in an easy to understand format. Thus helping you pick the right share to purchase or sell.  All metrics on the table can be sorted to present a view of the data you prefer to work with. Using this information you can apply your particular style of investing to select the issue that is right for your needs.

    If you need more information on how to use the metrics below, see our how to YouTube video  or our post how to pick the best preferred share of a company.

    Shares With Credit Rating Pfd-2

    The following metrics are now only available on the premium version of this tool:


    1. Reset Date.
    2. Reset (Yield | Dividend).
    3. Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
    4. Rate Change Percent.
    5. Rate Change To Value.
    6. New Spread Change.
    7. New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
    8. Short Position.
    9. Additional Features.
    10. Years To Double Initial Investment.
    11. Outstanding float. This is the outstanding float for this preferred.
    12. Market Cap In Bilions.
    13. Common Stock P/E Ratio.
    14. Common Stock P/B Ratio.
    15. Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
    Last Updated: Market Data 2024-Feb-16 19:03, Model Metrics 2024-Feb-20 18:11
    SymbolPrice52W High52W Low
    Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
    Current (Yield Dividend)Name
    CIU-A CIU.PR.A CA22944C2058 $17.54$19.12$15.81PERPETUAL @ 4.60%06.55% $1.1500CU_Inc_4.6%_Series_1
    CCS-C CCS.PR.C CA1899064077 $19.09$20.98$16.50PERPETUAL @ 5.00%06.55% $1.2500Co-operators_General_Insurance_Co._5.00%,_Series_C
    CU-J CU.PR.J CA136717592 $18.40$19.88$16.35PERPETUAL @ 4.75%06.45% $1.1880Canadian_Utilities_Ltd._4.75%,_Series_HH
    CU-E CU.PR.E CA1367176676 $19.25$20.73$17.35PERPETUAL @ 4.90%06.39% $1.2300Canadian_Utilities_Ltd._4.90%,_Series_BB
    IFC-F IFC.PR.F CA45823T8822 $20.85$22.68$18.49PERPETUAL @ 5.30%06.38% $1.3300Intact_Financial_Corp._5.30%,_Series_6
    CU-D CU.PR.D CA1367176759 $19.29$20.84$17.38PERPETUAL @ 4.90%06.37% $1.2300Canadian_Utilities_Ltd._4.90%,_Series_AA
    CU-F CU.PR.F CA1367176593 $17.75$19.31$16.01PERPETUAL @ 4.50%06.34% $1.1250Canadian_Utilities_Ltd._4.50%,_Series_CC
    CU-G CU.PR.G CA1367176429 $17.78$19.07$15.75PERPETUAL @ 4.50%06.33% $1.1250Canadian_Utilities_Ltd._4.50%,_Series_DD
    IFC-E IFC.PR.E CA45823T8095 $20.71$22.00$18.50PERPETUAL @ 5.20%06.28% $1.3000Intact_Financial_Corp._5.20%,_Series_5
    IFC-K IFC.PR.K CA45823T8178 $21.00$22.20$18.45PERPETUAL @ 5.25%06.25% $1.3125Non-Cumulative_Class_A_Shares,_Series_11
    CU-H CU.PR.H CA1367176346 $21.15$22.28$18.64PERPETUAL @ 5.25%06.19% $1.3100Canadian_Utilities_Ltd._5.25%,_Series_EE
    IFC-I IFC.PR.I CA45823T8582 $21.98$23.00$18.74PERPETUAL @ 5.40%06.14% $1.3500Non-Cumulative_Class_A_Shares,_Series_9
    CM-P CM.PR.P CA1360694246 $18.77$19.20$15.705YR + 2.24%05.20% $0.9772Canadian_Imperial_Bank_of_Commerce_3.75%,_Series_41_-_NVCC
    NA-W NA.PR.W CA6330672859 $19.09$19.24$15.755YR + 2.25%05.02% $0.9596National_bank_SRS_33
    CU-C CU.PR.C CA1367176916 $19.16$20.35$16.265YR + 2.40%06.78% $1.3000Canadian_Utilities_Ltd._3.40%,_Series_Y
    CM-Y CM.PR.Y CA13607G7993 $24.88$24.98$22.375YR + 3.62%05.17% $1.2872Canadian_Imperial_Bank_of_Commerce_5.15%,_Series_51_-_NVCC
    NA-S NA.PR.S CA6330673196 $20.99$21.00$16.605YR + 2.40%04.79% $1.0062National_bank_SRS_30_
    NA-G NA.PR.G CA63306A2056 $24.75$25.25$20.105YR + 2.77%07.13% $1.7640National_bank_SRS_42
    CM-O CM.PR.O CA1360694402 $20.62$24.40$24.405YR + 2.32%04.50% $0.9283Canadian_Imperial_Bank_of_Commerce_3.90%,_Series_39_-_NVCC
    CM-Q CM.PR.Q CA1360693909 $19.62$20.12$16.565YR + 2.79%04.00% $0.7858Canadian_Imperial_Bank_of_Commerce_3.60%,_Series_43_-_NVCC
    NA-C NA.PR.C CA6330672289 $25.33$25.99$23.515YR + 3.43%06.93% $1.7568National_bank_SRS_38
    CM-T CM.PR.T CA1360707949 $24.85$24.98$21.965YR + 3.31%05.23% $1.3000Canadian_Imperial_Bank_of_Commerce__5.20%_Non-cumulative_Rate_Reset_Class_A_Preferred_Shares_Series_49
    IFC-G IFC.PR.G CA45823T8749 $22.18$22.96$19.055YR + 2.55%06.77% $1.5030Intact_Financial_Corp._4.90%,_Series_7
    CU-I CU.PR.I CA1367176262 $23.07$25.07$19.015YR + 3.69% Min_4.5%04.87% $1.1250Canadian_Utilities_Ltd._4.50%,_Series_FF
    CM-S CM.PR.S CA1360708772 $22.00$22.77$18.605YR + 2.45%06.68% $1.4695Canadian_Imperial_Bank_of_Commerce_4.50%,_Series_47_-_NVCC
    NA-E NA.PR.E CA6330671943 $22.20$22.38$18.735YR + 2.58%06.55% $1.4545National_bank_SRS_40
    CIU-C CIU.PR.C CA22944C5028 $13.99$13.99$12.005YR + 1.36%04.09% $0.5725Canadian_Utilities_Ltd._2.24%_5YR_RT_RES_CUM_RED_PFD_SER_4
    IFC-A IFC.PR.A CA45823T3047 $19.11$19.62$15.205YR + 1.72%06.33% $1.2103Intact_Financial_Corp._3.396%,_Series_1
    IFC-C IFC.PR.C CA45823T6016 $19.60$20.26$15.705YR + 2.66%04.41% $0.8643Intact_Financial_Corp._3.332%,_Series_3
     
     

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    Last Updated: Market Data 2024-Feb-16 19:03, Model Metrics 2024-Feb-20 18:11
    SymbolPrice52W High52W Low
    Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
    Current (Yield Dividend)
    Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
    Blended (Yield Dividend)follow link passed the end of the table to see definition
    Yield To CallReset Date Y/M/DPay Div DateEx Div DateRate Change percentRate Change to valueNew Spread valueShort PositionAdditional FeaturesConverts ToYears To Double Initial InvestmentP/E RatioMarket Cap In BillionsP/B RatioCommon Stock YieldProjected Common Stock YieldOutstanding FloatName
    CIU-A CIU.PR.A CA22944C2058 $17.54$19.12$15.81PERPETUAL @ 4.60%06.55% $1.1500N/A06.55% $1.150017.10%perpetual2024-02-292024-05-02042%6.56%N/A2,010 Cumulative10.9213.846.17 B1.635.88%0.00%4,600,000CU_Inc_4.6%_Series_1
    CCS-C CCS.PR.C CA1899064077 $19.09$20.98$16.50PERPETUAL @ 5.00%06.55% $1.2500N/A06.55% $1.250014.61%perpetual2024-03-312024-02-28031%6.55%N/A1,869 Non-Cumulative10.92     4,000,000Co-operators_General_Insurance_Co._5.00%,_Series_C
    CU-J CU.PR.J CA136717592 $18.40$19.88$16.35PERPETUAL @ 4.75%06.45% $1.1880N/A06.45% $1.188015.61%perpetual2024-02-292024-05-02035%6.45%N/A0 Cumulative11.0913.846.17 B1.635.88%0.00%8,050,000Canadian_Utilities_Ltd._4.75%,_Series_HH
    CU-E CU.PR.E CA1367176676 $19.25$20.73$17.35PERPETUAL @ 4.90%06.39% $1.2300N/A06.39% $1.230014.22%perpetual2024-02-292024-05-02029%6.36%N/A3,269 Cumulative11.1913.846.17 B1.635.88%0.00%6,000,000Canadian_Utilities_Ltd._4.90%,_Series_BB
    IFC-F IFC.PR.F CA45823T8822 $20.85$22.68$18.49PERPETUAL @ 5.30%06.38% $1.3300N/A06.38% $1.330011.84%perpetual2024-03-312024-03-14019%6.35%N/A44,915 Non-Cumulative11.2032.7040.8 B2.711.45%0.00%6,000,000Intact_Financial_Corp._5.30%,_Series_6