Compass Diversified's Series B Preferred Shares Crosses Above 8% Yield Territory

By Preferred Stock Channel Staff, Monday, November 6, 2:44 PM ET

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In trading on Monday, shares of Compass Diversified's 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (NYSE:CODI.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.45 on the day. This compares to an average yield of 15.64% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRB was trading at a 1.16% discount to its liquidation preference amount, versus the average discount of 11.50% in the "Consumer Goods" category.

The chart below shows the one year performance of CODI.PRB shares, versus CODI:

Performance Comparison Chart

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:

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In Monday trading, Compass Diversified's 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares (NYSE:CODI.PRB) is currently off about 0.6% on the day, while the common shares (NYSE:CODI) are off about 1%.

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Compass Diversified's Series B Preferred Shares Crosses Above 8% Yield Territory | www.PreferredStockChannel.com

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