CODI.PRA

Compass Diversified's Series A Preferred Shares Yield Pushes Past 7.5%

In trading on Monday, shares of Compass Diversified's 7.250% Series A Preferred Shares (Symbol: CODI.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $23.79 on the day. This compares to an average yield of 18.66% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRA was trading at a 2.76% discount to its liquidation preference amount, versus the average discount of 11.83% 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.

The chart below shows the one year performance of CODI.PRA shares, versus CODI:

Performance Comparison Chart

Below is a dividend history chart for CODI.PRA, showing historical dividend payments on Compass Diversified's 7.250% Series A Preferred Shares:

CODI.PRA+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, Compass Diversified's 7.250% Series A Preferred Shares (Symbol: CODI.PRA) is currently down about 1.9% on the day, while the common shares (Symbol: CODI) are down about 2.1%.

Also see:
• HCKT Options Chain
• LUB Options Chain
• Institutional Holders of VIAS

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

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.