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:


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.

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