National Bank of Canada Preferred 7.651% Perpetual

The National Bank of Canada Preferred 7.651% Perpetual is a financial asset in the form of preferred shares offered by the National Bank of Canada. These preferred shares pay a fixed annual dividend of 7.651% on its issue price and are perpetual, meaning they have no maturity date and provide an ongoing income stream as long as they are held and the issuer continues operations. As a preferred stock, it holds a senior position over common shares in terms of dividend payments and claims on assets in the event of liquidation. This specific issue plays a critical role in the income-oriented segment of the fixed-income market, catering to investors seeking higher dividend yields with a focus on stability and regular income. As part of a major financial institution, these shares provide exposure to the banking sector, influencing capital structures and investor returns.