HomeMarket NewsCompass Diversified's Series B Preferred Shares Crosses Above 8% Yield Territory

Compass Diversified's Series B Preferred Shares Crosses Above 8% Yield Territory

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In trading on Thursday, shares of Compass Diversified’s 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (Symbol: CODI.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.57 on the day. This compares to an average yield of 19.40% in the “Consumer Goods” preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRB was trading at a 0.12% discount to its liquidation preference amount, versus the average discount of 10.09% in the “Consumer Goods” category.

Performance Comparison Chart

Below is a dividend history chart for CODI.PRB, showing historical dividend payments on Compass Diversified’s 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares:

CODI.PRB+Dividend+History+Chart


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

In Thursday trading, Compass Diversified’s 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (Symbol: CODI.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: CODI) are up about 0.2%.

nslideshowClick here to find out the 50 highest yielding preferreds »

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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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