Birchcliff Energy Cumulative Redeemable Preferred Shares, Series C About To Put More Money In Your Pocket

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On 3/14/18, Birchcliff Energy Ltd's Cumulative Redeemable Preferred Shares, Series C (TSX: BIR-PRC.TO ) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 4/2/18. As a percentage of BIR.PRC's recent share price of $24.00, this dividend works out to approximately 1.82%, so look for shares of BIR.PRC to trade 1.82% lower - all else being equal - when BIR.PRC shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 7.29%.

As of last close, BIR.PRC was trading at a 4.00% discount to its liquidation preference amount. The chart below shows the one year performance of BIR.PRC shares, versus BIR:

Below is a dividend history chart for BIR.PRC, showing historical dividends prior to the most recent $0.4375 on Birchcliff Energy Ltd's Cumulative Redeemable Preferred Shares, Series C:

In Monday trading, Birchcliff Energy Ltd's Cumulative Redeemable Preferred Shares, Series C (TSX: BIR-PRC.TO ) is currently off about 4.4% on the day, while the common shares (TSX: BIR.TO ) are up about 0.8%.

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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