In trading on Thursday, shares of Compass Diversified's 7.875% Series C Cumulative Preferred Shares (Symbol: CODI.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.22 on the day. This compares to an average yield of 6.86% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel. As of last close, CODI.PRC was trading at a 7.40% premium to its liquidation preference amount, versus the average premium of 3.88% in the "Consumer Goods" category.
The chart below shows the one year performance of CODI.PRC shares, versus CODI:
Below is a dividend history chart for CODI.PRC, showing historical dividend payments on Compass Diversified's 7.875% Series C Cumulative Preferred Shares:
In Thursday trading, Compass Diversified's 7.875% Series C Cumulative Preferred Shares (Symbol: CODI.PRC) is currently up about 0.2% on the day, while the common shares (Symbol: CODI) are down about 0.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.