Brookfield Asset Management's Preference Shares, Series 9, Cross 4.5% Yield Mark

In trading on Thursday, shares of Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9 (TSX: BAM-PRG.TO) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.95), with shares changing hands as low as $21.10 on the day. As of last close, BAM.PRG was trading at a 14.28% discount to its liquidation preference amount.

The chart below shows the one year performance of BAM.PRG shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRG, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9:

BAM.PRG+Dividend+History+Chart

In Thursday trading, Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9 (TSX: BAM-PRG.TO) is currently down about 1.5% on the day, while the common shares ( BAM) are trading flat.

If you liked this article you might like

Institutional Investors in Asia Develop a Taste for Vietnamese - and Stability

Institutional Investors in Asia Develop a Taste for Vietnamese - and Stability

P&G's Director Problem Takes Center Stage in Battle With Activist Nelson Peltz

P&G's Director Problem Takes Center Stage in Battle With Activist Nelson Peltz

Peltz's Battle Puts Spotlight on P&G's Director Problem

Peltz's Battle Puts Spotlight on P&G's Director Problem

How to Access Asia-Focused Private Property Funds Through Listed Markets

How to Access Asia-Focused Private Property Funds Through Listed Markets

COST, AAPL, UA: Jim Cramer's Views

COST, AAPL, UA: Jim Cramer's Views