Bombardier's Series 2 Preferred Shares Yield Pushes Past 6%

In trading on Wednesday, shares of Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares (TSX: BBD-PRB.TO) were yielding above the 6% mark based on its monthly dividend (annualized to $0.75), with shares changing hands as low as $12.48 on the day. As of last close, BBD.PRB was trading at a 49.60% 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 BBD.PRB shares, versus BBD.B:

Performance Comparison Chart

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Below is a dividend history chart for BBD.PRB, showing historical dividend payments on Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares:

BBD.PRB+Dividend+History+Chart

In Wednesday trading, Bombardier Inc.'s Series 2 Cumulative Redeemable Preferred Shares (TSX: BBD-PRB.TO) is currently down about 0.8% on the day, while the common shares (TSX: BBD-B.TO) are up about 2.9%.

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