In Thursday trading, BCE Inc’s Series T Preferred Shares (TSX: BCE-PRT.TO) yielded more than 7.5%, thanks to its quarterly dividend of $1.2475, which translates to an annualized figure. On the day, shares were exchanged for as low as $16.60. Notably, BCE.PRT is trading at a significant 33.20% discount to its liquidation preference amount. Additionally, these preferred shares are convertible.
The chart below highlights the one-year performance of BCE.PRT shares compared to BCE’s common shares:
Here’s a look at the dividend history for BCE.PRT, showcasing the historical dividend payments on these preferred shares:
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As of Thursday, BCE Inc’s Series T Preferred Shares are down approximately 0.6%, while the common shares have decreased by about 0.5%.
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• LCLP Options Chain
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• BWA Dividend Growth Rate
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
