In trading on Friday, shares of Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 18 (TSX: BAM-PRN.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.58 on the day. As of last close, BAM.PRN was trading at a 12.72% 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 BAM.PRN shares, versus BAM:
Below is a dividend history chart for BAM.PRN, showing historical dividend payments on Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 18:
Free Report: Top 7%+ Dividends (paid monthly)
In Friday trading, Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 18 (TSX: BAM-PRN.TO) is currently up about 0.7% on the day, while the common shares (Symbol: BAM) are off about 1.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.