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Featured MNV Articles:
| cbdMD Series A Cumulative Convertible Preferred Stock About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Tuesday, May 30, 1:31 PM ET
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:
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: Free Report: Top 8%+ Dividends (paid monthly)
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%.
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