Markets

Brookfield Asset Management's Preference Shares, Series 28 Yield Pushes Past 5.5%

In trading on Wednesday, shares of Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28 (TSX: BAM-PRX.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.6817), with shares changing hands as low as $12.29 on the day. As of last close, BAM.PRX was trading at a 50.00% 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 BAM.PRX shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRX, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28:

BAM.PRX+Dividend+History+Chart

In Wednesday trading, Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28 (TSX: BAM-PRX.TO) is currently down about 1.6% on the day, while the common shares (Symbol: BAM) are off about 1.9%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BAM

Other Topics

Stocks Fixed Income

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More