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Belden Series B Mandatory Convertible Preferred Stock About To Put More Money In Your Pocket

On 12/28/18, Belden Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: BDC.PRB) will trade ex-dividend, for its quarterly dividend of $1.6875, payable on 1/15/19. As a percentage of BDC.PRB's recent share price of $55.19, this dividend works out to approximately 3.06%, so look for shares of BDC.PRB to trade 3.06% lower - all else being equal - when BDC.PRB shares open for trading on 12/28/18. On an annualized basis, the current yield is approximately 12.02%. The chart below shows the one year performance of BDC.PRB shares, versus BDC:

Performance Comparison Chart

Below is a dividend history chart for BDC.PRB, showing historical dividends prior to the most recent $1.6875 on Belden Inc's 6.75% Series B Mandatory Convertible Preferred Stock :

BDC.PRB+Dividend+History+Chart

In Wednesday trading, Belden Inc's 6.75% Series B Mandatory Convertible Preferred Stock (Symbol: BDC.PRB) is currently down about 1.8% on the day, while the common shares (Symbol: BDC) are up about 1.2%.

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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.


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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