BCE's Series AB Preferred Shares Crosses Above 4% Yield Territory

In trading on Monday, shares of BCE Inc.'s Series AB Preferred Shares (TSX: BCE-PRB.TO ) were yielding above the 4% mark based on its monthly dividend (annualized to $0.7125), with shares changing hands as low as $17.61 on the day. As of last close, BCE.PRB was trading at a 29.41% 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.PRB shares, versus BCE:

Below is a dividend history chart for BCE.PRB, showing historical dividend payments on BCE Inc.'s Series AB Preferred Shares:

In Monday trading, BCE Inc.'s Series AB Preferred Shares (TSX: BCE-PRB.TO ) is currently off about 2.2% on the day, while the common shares (TSX: BCE.TO ) are up about 0.2%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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

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

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