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cbdMD Series A Cumulative Convertible Preferred Stock About To Put More Money In Your Pocket
Tuesday, May 30, 1:31 PM ET, by Market News Video Staff

On 5/31/23, cbdMD Inc's 8.0% Series A Cumulative Convertible Preferred Stock (YCBD.PRA) will trade ex-dividend, ...

cbdMD Series A Cumulative Convertible Preferred Stock About To Put More Money In Your Pocket

By Preferred Stock Channel Staff, Tuesday, May 30, 1:31 PM ET
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On 5/31/23, cbdMD Inc's 8.0% Series A Cumulative Convertible Preferred Stock (AMEX:YCBD.PRA) will trade ex-dividend, for its monthly dividend of $0.0667, payable on 6/15/23. As a percentage of YCBD.PRA's recent share price of $3.30, this dividend works out to approximately 2.02%, so look for shares of YCBD.PRA to trade 2.02% lower — all else being equal — when YCBD.PRA shares open for trading on 5/31/23. On an annualized basis, the current yield is approximately 25.01%, which compares to an average yield of 9.48% in the "Consumer Goods" preferred stock category, according to Preferred Stock Channel.

As of last close, YCBD.PRA was trading at a 68.00% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.667. The chart below shows the one year performance of YCBD.PRA shares, versus YCBD:

Performance Comparison Chart

Below is a dividend history chart for YCBD.PRA, showing historical dividends prior to the most recent $0.0667 on cbdMD Inc's 8.0% Series A Cumulative Convertible Preferred Stock:


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In Tuesday trading, cbdMD Inc's 8.0% Series A Cumulative Convertible Preferred Stock (AMEX:YCBD.PRA) is currently up about 3.2% on the day, while the common shares (AMEX:YCBD) are up about 5%.


This Article's Word Cloud:   AMEX   Arial   Below   Channel   Consumer   Convertible   Cumulative   Dividend   Dividends   Free   Going   Goods   Preferred   Report   Series   Start   Stock   Stocks   Tuesday   YCBD   about   according   afterLeftLabels   amount   annualized   approximately   average   axisColor   background   basis   beforeLeftLabels   being   below   bkgImage   bottomBuffer   bottomLabels   bottomTableHeight   cbdMD   chart   dividend   escape   fillColor   mdash   monthly   preferred   recent   shares   trade   trading   yield

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