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Ex-Div Reminder for Cincinnati Bell Cumulative Convertible Preferred Stock

By Preferred Stock Channel Staff, Wednesday, June 10, 3:37 PM ET
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On 6/12/20, Cincinnati Bell Inc's 6 3/4% Cumulative Convertible Preferred Stock (NYSE:CBB.PRB) will trade ex-dividend, for its quarterly dividend of $0.8438, payable on 7/1/20. As a percentage of CBB.PRB's recent share price of $48.00, this dividend works out to approximately 1.76%, so look for shares of CBB.PRB to trade 1.76% lower — all else being equal — when CBB.PRB shares open for trading on 6/12/20. On an annualized basis, the current yield is approximately 7.02%.

As of last close, CBB.PRB was trading at a 3.88% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.02884. The chart below shows the one year performance of CBB.PRB shares, versus CBB:

Performance Comparison Chart

Below is a dividend history chart for CBB.PRB, showing historical dividends prior to the most recent $0.8438 on Cincinnati Bell Inc's 6 3/4% Cumulative Convertible Preferred Stock:


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In Wednesday trading, Cincinnati Bell Inc's 6 3/4% Cumulative Convertible Preferred Stock (NYSE:CBB.PRB) is currently down about 0.1% on the day, while the common shares (NYSE:CBB) are up about 0.1%.


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