Rank Sagen MI Canada Inc. Preferreds
This compare tool allows you to Rank Sagen MI Canada Inc. Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Sagen MI Canada Inc. preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.
In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.
Sagen MI Canada Inc. Brief Overview
Visit the Sagen MI Canada Inc. company website to see the preferred share prospectus, news and other information.
Sector: Real estate investment .
Core businesses and operations:
- Is the largest private sector residential mortgage insurer in Canada. .
- Provides mortgage default insurance to Canadian residential mortgage lenders
- Brookfield Business Partners LP together with its institutional partners holds 100% of the issued and outstanding Class A common shares of the Company.
The latest information and statistics on their common stock MI, can be easily accessed using websites like TMX Money.
Next Dividend Pay Date: 2024Dec30. Dividend Payment Schedule: 2024MAR31 , 2024JUN30 , 2024SEP30 , 2024DEC31
Next Ex-Dividend Date: 2025Mar14. Ex Dividend Date Schedule: 2025MAR14 , 2025JUN13 , 2025SEP12 , 2025DEC13
Sagen MI Canada Inc. Preferred share Credit Ratings
The latest preferred share credit ratings for Sagen MI Canada Inc. are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.
| A.M. Best | FITCH | S&P | DBRS | S&P Global | Moody's | P-2 (low) | PFD-2H |
|---|
Rank Sagen MI Canada Inc. Preferreds - Compare Tool.
If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company
NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.
The following metrics are now only available on the premium version of this tool:
- Reset Date.
- Reset (Yield | Dividend).
- 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.
- Rate Change Percent.
- Rate Change To Value.
- New Spread Change.
- 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
- Short Position.
- Additional Features.
- Years To Double Initial Investment.
- Outstanding float. This is the outstanding float for this preferred.
- Market Cap In Bilions.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Name |
|---|---|---|---|---|---|---|
| MIC-A MIC.PR.A CA786688309 | $21.39 | $21.95 | $17.75 | PERPETUAL @ 5.40% | 06.31% $1.3500 | SAGEN_MI_CANADA_INC._Class_A_Preferred_Shares,_Series_1_ |
Here is a Limited Version of the Premium - Compare Tool.
A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version
| Symbol | Price | 52W High | 52W 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 Call | Reset Date Y/M/D | Pay Div Date | Ex Div Date | Rate Change percent | Rate Change to value | New Spread value | Short Position | Additional Features | Converts To | Years To Double Initial Investment | Outstanding Float | Name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIC-A MIC.PR.A CA786688309 | $21.39 | $21.95 | $17.75 | PERPETUAL @ 5.40% | 06.31% $1.3500 | N/A | 06.31% $1.3500 | 11.01% | perpetual | 2024-12-30 | 2025-03-14 | 016% | 6.31% | N/A | 4,620 | Non-Cumulative | 11.32 | 4,000,000 | SAGEN_MI_CANADA_INC._Class_A_Preferred_Shares,_Series_1_ |
Current yields over time
The graph below shows the current yield of each VersaBank preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
- For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.