BCE's Preferred Shares, Series AK Yield Pushes Past 6.5%

In trading on Thursday, shares of BCE Inc.'s Cumulative Redeemable First Preferred Shares, Series AK (Toronto: BCE-PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.0375), with shares changing hands as low as $15.55 on the day. As of last close, BCE.PRK was trading at a 33.76% 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.PRK shares, versus BCE:

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory, at CanadaStockChannel.com »

Below is a dividend history chart for BCE.PRK, showing historical dividend payments on BCE Inc.'s Cumulative Redeemable First Preferred Shares, Series AK:

In Thursday trading, BCE Inc.'s Cumulative Redeemable First Preferred Shares, Series AK (Toronto: BCE-PRK) is currently off about 6% on the day, while the common shares (Toronto: BCE) are off about 0.2%.