TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon May 20, 2024 9:03am
282 Views
Post# 36048525
RE:Any comment?
RE:Any comment?This is why I bought Prefer Shares, not Common Shares. Basically only way for the company to stop dividend payments on Prefer Shares is to redeem them at Par or buy them back on the open market.
Common Shares the company can cut or even cancel dividends payments basically any time.
If just about everyone including credit agencies thinks company is "willing and able" to pay the dividends for "foreseeable" future, it's crazy the yields on these prefers. These are prefers, not common shares.
All just my opinion/view/thinking