Shares & Dividends, Preferred shares, Series 2
Share information
An unlimited number of Series 2 non‑voting preferred shares, without nominal or par value, issuable in series are authorized.
Preferred shares  12,000,000 Series 2 Cumulative Redeemable Preferred Shares 

Redemption  Redeemable, at the Corporation’s option, at $25.50 Cdn per share. 
Conversion 

Dividend 

Dividends
Dividends on Bombardier securities are to be paid, subject to applicable law, if and when they are declared by the Corporation's Board of Directors.
Please note that as of December 31, 2005, unless stated otherwise, all dividends paid by Bombardier on all of its common and preferred shares are considered "eligible dividends" as per the Canadian Income Tax Act and any corresponding provincial or territorial legislation. The same designation applies under the Quebec Taxation Act for dividends declared after March 23, 2006.
The following lists the dividends declared by Bombardier's Board of Directors on the Corporation's securities.
Payment date  Dividend payment (in $ CAN) 
Exdate  Record date 

February 15, 2021  Floating  January 27, 2021  January 29, 2021 
January 15, 2021  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
December 29, 2020  December 31, 2020 
December 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
November 26, 2020  November 30, 2020 
November 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
October 28, 2020  October 30, 2020 
October 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
September 28, 2020  September 30, 2020 
September 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
August 27, 2020  August 31, 2020 
August 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
July 29, 2020  July 31, 2020 
July 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
June 26, 2020  June 30, 2020 
June 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
May 27, 2020  May 29, 2020 
May 15, 2020  $0.0510 (based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%)) 
April 28, 2020  April 30, 2020 
April 15, 2020  $0.0674 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.235%)) 
March 27, 2020  March 31, 2020 
March 15, 2020  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
February 26, 2020  February 28, 2020 
February 15, 2020  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
January 29, 2020  January 31, 2020 
January 15, 2020  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
December 27, 2019  December 31, 2019 
December 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
November 27, 2019  November 29, 2019 
November 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
October 29, 2019  October 31, 2019 
October 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
September 26, 2019  September 30, 2019 
September 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
August 28, 2019  August 30, 2019 
August 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
July 29, 2019  July 31, 2019 
July 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
June 26, 2019  June 28, 2019 
June 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
May 29, 2019  May 31, 2019 
May 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
April 26, 2019  April 30, 2019 
April 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
March 27, 2019  March 29, 2019 
March 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
February 26, 2019  February 28, 2019 
February 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
January 29, 2019  January 31, 2019 
January 15, 2019  $0.0823 (based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%)) 
December 27, 2018  December 31, 2018 
Redemption features:
Series 2 preferred shares are redeemable at Bombardier Inc.'s option at $25.00 per share on August 1, 2002 or at $25.50 per share thereafter.
Conversion features:
Series 2 preferred shares are convertible on a oneforone basis on August 1, 2012 and on August 1 of every fifth year thereafter into Series 3 preferred shares. Fourteen days preceding a conversion date, if the number of Series 2 preferred shares outstanding is less than 1,000,000 shares, they will automatically be converted into an equal number of Series 3 preferred shares.
Dividends:
As of September 15, 2002, dividends are payable monthly, if declared, with the annual floating dividend rate on Series 2 preferred shares equal to 80% of the Canadian prime rate for the first payment. The dividend rate will float in relation to changes in the prime rate and will be adjusted upwards or downwards on a monthly basis to a monthly maximum fluctuation of 4%, if the trading price of the Series 2 preferred shares is less than $24.90 per share, or more than $25.10 per share. The annual dividend rate applicable in a month will in no event be less than 50% of prime or greater than prime.
The dividend amount on the Series 2 preferred shares is obtained by multiplying the par value of the shares ($25.00) by the determined percentage rate (i.e. 80%) multiplied by the prime rate on the specific month (i.e. 4.5%), which results in a yearly dividend, which is then divided by 12 to get the monthly dividend.
For example, in September, the prime rate was 4.5%. Therefore, the dividend amount paid for this specific month was $0.075 ($25.00 times 80% of 4.5% results in a yearly dividend of $0.90, which is then divided by 12).
In October, the prime rate was 4.5%. Because the share price was below $24.90, the percentage of prime paid increased by 4% to 84% and the dividend amount paid for this specific month was $0.07875 ($25.00 times 84% of 4.5%, which is then divided by 12).