In trading on Friday, shares of Compass Diversified’s 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (CODI.PRB) yielded over 9%, with shares dipping to $21.78. The annualized dividend is $1.9688, in contrast to the average yield of 8.92% within the “Consumer Goods” preferred stock category, according to Preferred Stock Channel.
As of the last close, CODI.PRB is priced at a 12.36% discount to its liquidation preference, compared to the average discount of 11.47% for the same category. On the same day, CODI.PRB experienced a slight decline of 0.2%, while the common shares (CODI) rose by approximately 0.6%.
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