Markets

BCE's Series Y Preferred Shares Yield Pushes Past 3.5%

In trading on Tuesday, shares of BCE Inc.'s Series Y Preferred Shares (TSX: BCE-PRY.TO ) were yielding above the 3.5% mark based on its monthly dividend (annualized to $0.75), with shares changing hands as low as $21.36 on the day. As of last close, BCE.PRY was trading at a 15.29% 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.PRY shares, versus BCE:

Performance Comparison Chart

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

BCE.PRY+Dividend+History+Chart

In Tuesday trading, BCE Inc.'s Series Y Preferred Shares (TSX: BCE-PRY.TO ) is currently off about 1.1% on the day, while the common shares (TSX: BCE.TO ) are up about 1.5%.

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.

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