TSX:BPO.P.A - Post by User
Comment by
pierrelebelon Apr 21, 2022 1:12pm
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Post# 34620877
RE:RE:RE:RE:Brookfield Office Properties Inc preferreds pay between 4.64
RE:RE:RE:RE:Brookfield Office Properties Inc preferreds pay between 4.64
Added another 400 today to hold 1,900 BPO.PR.T
Current quarterly dividend $0.3364 = 6.53 yield
Reset next year at Canada 5 year + 3.14%
Based on current Canada 5 year of 2.75%, we are looking at a substantial quarterly dividend increase to $0.3681 or a annual yield of 7.15%
Assuming Canada 5 year goes up 1% between now and the end of next year, the yield would jump to 8.36%
It beats keeping money in a bank savings account!