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Brookfield Asset Management's Preference Shares, Series 24 Yield Pushes Past 4%

By Preferred Stock Channel Staff, Tuesday, September 14, 2:43 PM ET
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In trading on Tuesday, shares of Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 24 (BAM.PRR.CA) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.8093), with shares changing hands as low as $20.21 on the day. As of last close, BAM.PRR.CA was trading at a 18.72% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of BAM.PRR.CA shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRR.CA, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 24:


Free Report: Top 7%+ Dividends (paid monthly)

In Tuesday trading, Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 24 (BAM.PRR.CA) is currently up about 0.6% on the day, while the common shares (NYSE:BAM) are down about 0.6%.


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