Brookfield Asset Management's Series A Preferred Shares Cross 8% Yield MarkBy Preferred Stock Channel Staff, Friday, October 6, 2:21 PM ETIn trading on Friday, shares of Brookfield Asset Management Ltd's 6.625% Series A Preferred Units (NYSE:OAK.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.6563), with shares changing hands as low as $20.61 on the day. This compares to an average yield of 14.69% in the "Business Services & Equipment" preferred stock category, according to Preferred Stock Channel. As of last close, OAK.PRA was trading at a 17.04% discount to its liquidation preference amount, versus the average discount of 27.85% in the "Business Services & Equipment" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of OAK.PRA shares, versus BAM:
Below is a dividend history chart for OAK.PRA, showing historical dividend payments on Brookfield Asset Management Ltd's 6.625% Series A Preferred Units :
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Friday trading, Brookfield Asset Management Ltd's 6.625% Series A Preferred Units (NYSE:OAK.PRA) is currently down about 0.6% on the day, while the common shares (NYSE:BAM) are up about 2.6%.
This Article's Word Cloud:
Arial
Asset
Below
Brookfield
Business
Channel
Days
Dollars
Equipment
Friday
Investors
Join
Juicy
Management
More
NYSE
Offer
Preferred
Series
Services
Seven
Special
Start
Stock
Stocks
This
Units
ValueForum
Where
Yields
about
above
according
afterLeftLabels
amount
average
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
with
|