Bombardier's Series 2 Preferred Shares Cross 6.5% Yield Mark
In trading on Monday, shares of Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares (TSX: BBD-PRB.TO ) were yielding above the 6.5% mark based on its monthly dividend (annualized to $0.6756), with shares changing hands as low as $10.01 on the day. As of last close, BBD.PRB was trading at a 57.40% 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 dividend payments 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 down about 0.8% on the day, while the common shares (TSX: BBD-B.TO ) are off about 0.4%.
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