Birchcliff Energy Preferred Units About To Put More Money In Your Pocket

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On 9/14/17, Birchcliff Energy Ltd's Preferred Units (TSX: BIR-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/2/17. As a percentage of BIR.PRA's recent share price of $26.30, this dividend works out to approximately 1.90%, so look for shares of BIR.PRA to trade 1.90% lower - all else being equal - when BIR.PRA shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 7.61%.

As of last close, BIR.PRA was trading at a 5.20% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible . The chart below shows the one year performance of BIR.PRA shares, versus BIR:

Performance Comparison Chart

Below is a dividend history chart for BIR.PRA, showing historical dividends prior to the most recent $0.50 on Birchcliff Energy Ltd's Preferred Units:


In Tuesday trading, Birchcliff Energy Ltd's Preferred Units (TSX: BIR-PRA.TO ) is currently trading flat on the day, while the common shares (TSX: BIR.TO ) are trading flat.

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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