BCE's Series Z Preferred Shares Crosses Above 4.5% Yield Territory

In trading on Tuesday, shares of BCE Inc.'s Series Z Preferred Shares (TSX: BCE-PRZ.TO) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.788), with shares changing hands as low as $17.45 on the day. As of last close, BCE.PRZ was trading at a 29.72% 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.PRZ shares, versus BCE:

Performance Comparison Chart

Below is a dividend history chart for BCE.PRZ, showing historical dividend payments on BCE Inc.'s Series Z Preferred Shares:

BCE.PRZ+Dividend+History+Chart

In Tuesday trading, BCE Inc.'s Series Z Preferred Shares (TSX: BCE-PRZ.TO) is currently down about 0.7% on the day, while the common shares (TSX: BCE.TO) are trading flat.

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