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| Compass Diversified's Series A Preferred Shares Crosses Above 7.5% Yield TerritoryBy Preferred Stock Channel Staff, Friday, July 7, 2:56 PM ET
In trading on Friday, shares of Compass Diversified's 7.250% Series A Preferred Shares (NYSE:CODI.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $24.11 on the day. This compares to an average yield of 9.26% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRA was trading at a 0.72% discount to its liquidation preference amount, versus the average discount of 9.36% in the "Consumer Goods" 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 CODI.PRA shares, versus CODI:
Below is a dividend history chart for CODI.PRA, showing historical dividend payments on Compass Diversified's 7.250% Series A Preferred Shares:
Free Report: Top 8%+ Dividends (paid monthly) In Friday trading, Compass Diversified's 7.250% Series A Preferred Shares (NYSE:CODI.PRA) is currently down about 2.9% on the day, while the common shares (NYSE:CODI) are up about 0.9%.
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