Q: This preferred took a steep drop in June, came back a little and is now slowly drifting downwards. Pays a 10% div.
Why the big drop and why further downward momentum now? Is the div not safe? Is it that BCE common shares are just unloved currently? Reset issues?
Thanks,
Mark
Why the big drop and why further downward momentum now? Is the div not safe? Is it that BCE common shares are just unloved currently? Reset issues?
Thanks,
Mark
5i Research Answer:
BCE is selling assets and cutting costs, which is typically very good for preferred shares (less...