Bombardier Series 2 Cumulative Redeemable Preferred Shares Ex-Dividend Reminder
On 6/28/17, Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares (TSX: BBD-PRB.TO ) will trade ex-dividend, for its monthly dividend of $0.0563, payable on 7/15/17. As a percentage of BBD.PRB's recent share price of $9.11, this dividend works out to approximately 0.62%, so look for shares of BBD.PRB to trade 0.62% lower - all else being equal - when BBD.PRB shares open for trading on 6/28/17. On an annualized basis, the current yield is approximately 7.38%.
As of last close, BBD.PRB was trading at a 63.36% 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 BBD.PRB shares, versus BBD.B:
Below is a dividend history chart for BBD.PRB, showing historical dividends prior to the most recent $0.0563 on Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares:
In Monday trading, Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares (TSX: BBD-PRB.TO ) is currently off about 0.6% on the day, while the common shares (TSX: BBD-B.TO ) are off about 2.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.