BCE's Series AD Preferred Shares Cross 5% Yield Mark

In trading on Friday, shares of BCE Inc's Series AD Preferred Shares (TSX: BCE-PRD.TO) were yielding above the 5% mark based on its monthly dividend (annualized to $0.9208), with shares changing hands as low as $18.40 on the day. As of last close, BCE.PRD was trading at a 27.65% 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.PRD shares, versus BCE:

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

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In Friday trading, BCE Inc's Series AD Preferred Shares (TSX: BCE-PRD.TO) is currently off about 0.3% on the day, while the common shares (TSX: BCE.TO) are off about 0.4%.

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