Markets

BCE's Series AE Preferred Shares Yield Pushes Past 6%

In trading on Thursday, shares of BCE Inc's Series AE Preferred Shares (TSX: BCE-PRE.TO ) were yielding above the 6% mark based on its monthly dividend (annualized to $0.9875), with shares changing hands as low as $16.36 on the day. As of last close, BCE.PRE was trading at a 34.12% 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.PRE shares, versus BCE:

Performance Comparison Chart

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

BCE.PRE+Dividend+History+Chart

In Thursday trading, BCE Inc's Series AE Preferred Shares (TSX: BCE-PRE.TO ) is currently down about 2.6% on the day, while the common shares (TSX: BCE.TO ) are down about 1.1%.

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.


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

Other Topics

Investing