Bombardier's Series 3 Preferred Shares Crosses Above 8.5% Yield Territory
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:
Below is a dividend history chart for BBD.PRD, showing historical dividend payments on Bombardier Inc.'s Series 3 Cumulative Redeemable Preferred Shares:
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%.
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