Bombardier Series 2 Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

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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.


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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