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from the world of economics and financeIn trading on Thursday, shares of Compass Diversified's 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (Symbol: CODI.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.57 on the day. This compares to an average yield of 19.40% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRB was trading at a 0.12% discount to its liquidation preference amount, versus the average discount of 10.09% in the "Consumer Goods" category.
Below is a dividend history chart for CODI.PRB, showing historical dividend payments on Compass Diversified's 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares:
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Compass Diversified's 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (Symbol: CODI.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: CODI) are up about 0.2%.
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