February 4, 2023

BCE’s Series Y Preferred Shares Crosses Above 3% Yield Territory

In trading on Monday, shares of BCE Inc’s Series Y Preferred Shares (TSX: BCE-PRY.TO) were yielding above the 3% mark based on its monthly dividend (annualized to $0.6125), with shares changing hands as low as $20.30 on the day. As of last close, BCE.PRY was trading at a 16.55% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of BCE.PRY shares, versus BCE:

Below is a dividend history chart for BCE.PRY, showing historical dividend payments on BCE Inc’s Series Y Preferred Shares:


Free Report: Top 7%+ Dividends (paid monthly)

In Monday trading, BCE Inc’s Series Y Preferred Shares (TSX: BCE-PRY.TO) is currently up about 4.8% on the day, while the common shares (TSX: BCE.TO) are down about 0.2%.

Click here to find out which 9 other Canadian dividend stocks just recently went ”on sale” and crossed into new yield territory »

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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