Q: Looking at the preferred for Co-operators Insurance CCS.PR.D I see that it is paying a juicy divident of about 7% with a reset next year at GOC 5 +5.21%. Not bad. Using your trick of looking at common dividends and seeing how many times the commons cover the preferred I found to my dismay that CCS is not listed so no telling what kind of ability there is to maintain the dividend. Rating is Pfd 3 high though. Should I consider this preferred with so little to go on?
Derek
Derek