Compass Diversified's Series C Preferred Shares Crosses Above 7.5% Yield TerritoryBy Preferred Stock Channel Staff, Monday, September 27, 4:15 PM ETIn trading on Monday, shares of Compass Diversified's 7.875% Series C Cumulative Preferred Shares (NYSE:CODI.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.12 on the day. This compares to an average yield of 6.79% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRC was trading at a 6.80% premium to its liquidation preference amount, versus the average premium of 37.33% in the "Consumer Goods" category. The chart below shows the one year performance of CODI.PRC shares, versus CODI:
Below is a dividend history chart for CODI.PRC, showing historical dividend payments on Compass Diversified's 7.875% Series C Cumulative Preferred Shares:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, Compass Diversified's 7.875% Series C Cumulative Preferred Shares (NYSE:CODI.PRC) is currently off about 2.2% on the day, while the common shares (NYSE:CODI) are up about 3%.
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