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BCE's Preferred Shares, Series AC, Cross 4.5% Yield Mark


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In trading on Wednesday, shares of BCE Inc's Cumulative Redeemable First Preferred Shares, Series AC (TSX: BCE-PRC.TO ) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.8875), with shares changing hands as low as $19.62 on the day. As of last close, BCE.PRC was trading at a 20.72% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of BCE.PRC shares, versus BCE:

Performance Comparison Chart

Below is a dividend history chart for BCE.PRC, showing historical dividend payments on BCE Inc's Cumulative Redeemable First Preferred Shares, Series AC:

BCE.PRC+Dividend+History+Chart

In Wednesday trading, BCE Inc's Cumulative Redeemable First Preferred Shares, Series AC (TSX: BCE-PRC.TO ) is currently off about 0.5% on the day, while the common shares (TSX: BCE.TO ) are up about 0.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas


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