Markets

Bombardier's Series 3 Preferred Shares Crosses Above 8.5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Bombardier Inc.'s Series 3 Cumulative Redeemable Preferred Shares (TSX: BBD-PRD.TO ) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $0.9958), with shares changing hands as low as $11.50 on the day. As of last close, BBD.PRD was trading at a 52.88% 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.PRD shares, versus BBD.B:

Performance Comparison Chart

Below is a dividend history chart for BBD.PRD, showing historical dividend payments on Bombardier Inc.'s Series 3 Cumulative Redeemable Preferred Shares:

BBD.PRD+Dividend+History+Chart

In Wednesday trading, Bombardier Inc.'s Series 3 Cumulative Redeemable Preferred Shares (TSX: BBD-PRD.TO ) is currently down about 1.4% on the day, while the common shares (TSX: BBD-B.TO ) are down about 0.3%.

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.