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| Compass Diversified's Series B Preferred Shares Yield Pushes Past 8%By Preferred Stock Channel Staff, Wednesday, February 7, 2:50 PM ET
In trading on Wednesday, 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 $24.59 on the day. This compares to an average yield of 21.61% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRB was trading at a 1.00% discount to its liquidation preference amount, versus the average discount of 10.50% in the "Consumer Goods" category. The chart below shows the one year performance of CODI.PRB shares, versus CODI:
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:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday 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 0.2%.
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