Markets

Cash Dividend On The Way From BCE Cumulative Redeemable First Preferred Shares, Series AA

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Shutterstock photo

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On 1/30/17, BCE Inc's Cumulative Redeemable First Preferred Shares, Series AA (TSX: BCE-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.2156, payable on 3/1/17. As a percentage of BCE.PRA's recent share price of $16.64, this dividend works out to approximately 1.30%, so look for shares of BCE.PRA to trade 1.30% lower - all else being equal - when BCE.PRA shares open for trading on 1/30/17. On an annualized basis, the current yield is approximately 5.22%.

As of last close, BCE.PRA was trading at a 33.88% 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 BCE.PRA shares, versus BCE:

Performance Comparison Chart

Below is a dividend history chart for BCE.PRA, showing historical dividends prior to the most recent $0.2156 on BCE Inc's Cumulative Redeemable First Preferred Shares, Series AA:

BCE.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, BCE Inc (TSX: BCE.TO ) makes up 2.90% of the ETF ( QCAN ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, BCE Inc's Cumulative Redeemable First Preferred Shares, Series AA (TSX: BCE-PRA.TO ) is currently up about 0.7% on the day, while the common shares (TSX: BCE.TO ) are trading flat.

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.

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