English
French
German
Italian
Russian
Spanish
BCE Inc’s Preferred Shares Trade at 40% Discount, Common Shares Dip Slightly
BCE Inc’s Preferred Shares Trade at 40% Discount, Common Shares Dip Slightly By Investing.com
Breaking News
‘;
EditorVenkatesh JartarkarStock Markets
Published Oct 03, 2023 04:35PM ET
(C) Reuters.
On Tuesday, BCE (NYSE:BCE) Inc’s Series AF Preferred Shares (TSX: BCE-PRF.TO) were traded at a minimum of $14.83, marking a significant 40% discount compared to their liquidation preference amount. The convertible preferred shares offer an attractive yield of over 6.5% through an annualized quarterly dividend of $0.9663. This is particularly notable considering the company’s positive track record of raising its dividend for 14 consecutive years, as pointed out by InvestingPro Tips.
This trading activity comes with a detailed one-year performance chart and a dividend history chart, which provides historical payments on these preferred shares. The sizable discount and the high yield make these shares an interesting prospect for investors looking for income generation. According to InvestingPro data, BCE Inc ‘s dividend yield as of Y2023.D276 stands at a considerable 7.81%, further solidifying the company’s appeal for income-focused investors.
Meanwhile, BCE Inc’s common shares (TSX: BCE.TO) experienced a minor dip on Tuesday, down approximately 0.3%. This slight downward movement aligns with the broader market trends observed on the same trading day. InvestingPro data indicates that the company’s 1 Week Price Total Return as of Y2023.D276 was -4.88%, reflecting the recent market volatility.
The trading nuances between the preferred shares and common shares of BCE Inc exhibit a distinct dynamic within the company’s stock portfolio. As such, investors may find value in differentiating between these two types of shares based on their investment goals and risk tolerance. In fact, InvestingPro Tips suggests that the company’s stock generally trades with low price volatility, making it a potentially suitable option for risk-averse investors.
For investors interested in further insights and tips, InvestingPro offers a wealth of additional information. For instance, it highlights that BCE Inc. is a prominent player in the Diversified Telecommunication Services industry and has maintained dividend payments for an impressive 53 consecutive years. For more such insights, consider exploring the InvestingPro product that includes a total of 13 tips for BCE Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
BCE Inc’s Preferred Shares Trade at 40% Discount, Common Shares Dip Slightly
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
