In trading on Thursday, BCE Inc’s Series T Preferred Shares (TSX: BCE-PRT.TO) yielded over 6%, driven by a quarterly dividend of $1.2475, with shares trading as low as $20.77. Currently, BCE.PRT is at a 16.16% discount to its liquidation preference amount, while the common shares (TSX: BCE.TO) saw a slight increase of 0.7%.
As of the last close, the preferred shares were down approximately 0.9% for the day. The convertible nature of these shares is a noteworthy feature for investors.
