TSX:BPO.PR.A - Post by User
Comment by
wynneron Aug 19, 2024 10:54am
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Post# 36185908
RE:BPO.PR.X
RE:BPO.PR.XDemDem wrote: Hello, could someone explain to me how the BPO.PR.X series and its ilk work? They say 70%, but 70% of what. The renewal is in December 2024, the action is low, the dividends very good, but is it worth the effort? I already have c,i and t. Please enlighten me. P.S.: I have not found anything enlightening in this sense on the forum.
Hi DemDem.
70% of Bank of Canada Prime rate. Based on a $25 price of the pref.
The cuts have not filtered down to the 13+% yield for this quarter.
Next time. But still around the 13 mark . Next year more like 12.%% at this price. I own.
Also BPO.W and BYPN and BYPO now.