Post by
RagingBull3 on Jun 26, 2020 8:41am
IT HAS BEGUN.... US Feds orders Banks to cap dividends and
suspend share buybacks. Energy sector was first..... Share buybacks stopped, dividends were cut..... Now the rest of the Market will follow.
Yields going down as dividends cut across the entire market. Will see what happens to share prices......???
I'm really surprised there isn't more interest in the Preferreds.... 10+% here!
Comment by
Oasisjunior on Jun 26, 2020 11:39am
Again i thought the return on the prefered shares was 4.6 %,,, that is what is posted on my scotia i trade account? But you claim 10% or more?
Comment by
RagingBull3 on Jun 26, 2020 11:53am
4.6% was the RATE at which dividends were calculated. The rate has recently changed to 3.935% I think for the "G". For the "G" that would make the dividend $0.98375/yr At $10.35 per share, yield would be about 9.50% Again, I could be wrong. Need to do your own DD.
Comment by
RagingBull3 on Jun 26, 2020 12:35pm
If you are happy thinking that you were making 4.6%, I guess you are really really happy to realize that you are probably getting a yield of about 10%. That's in Dividends of course.... Who knows what happens to share price.
Comment by
Oasisjunior on Jun 26, 2020 12:57pm
What puzzles me is all the info should be coming from the TSX. But, when you check Scotia Itrade they give you yeild of 11.10%, TMX is 10.35%, Marketbeat 10.58%, All the numbers are all different so do you take a middle average? I didn't check CIBC or BMO.
Comment by
RagingBull3 on Jun 26, 2020 1:03pm
It all depends on what share price they do their calculation on. As you know, share price is always changing so yields will always be changing. This is why you need to understand. Then you can verify. You can't verify if you don't understand.