In trading on Friday, shares of Brunswick Corp.'s 6.625% Senior Notes due 2049 (Symbol: BC.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.6563), with shares changing hands as low as $27.59 on the day. This compares to an average yield of 6.81% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, BC.PRB was trading at a 10.72% premium to its liquidation preference amount, versus the average premium of 44.79% in the "Consumer Goods" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Below is a dividend history chart for BC.PRB, showing historical dividend payments on Brunswick Corp.'s 6.625% Senior Notes due 2049:
In Friday trading, Brunswick Corp.'s 6.625% Senior Notes due 2049 (Symbol: BC.PRB) is currently up about 0.6% on the day, while the common shares (Symbol: BC) are up about 2.5%.
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