Monday, July 3, 2017

New Preferred Stock IPOs, June 2017

Preferred stock investors have ignored the last three interest rate hikes from the Federal Reserve. Despite three rate hikes over the last seven months, preferred stock buyers have pushed the average price of these securities up by $1.23 per share so far this year, a 10.0 percent annualized value gain for preferred stock investors. There are currently 100 high-quality preferred stocks selling for an average price of $25.92 per share. 16 of these high-quality (investment grade, call-protected, cumulative dividends) issues are selling below their $25 par value, providing an average yield-to-call of 6.04 percent...

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Friday, June 2, 2017

New Preferred Stock IPO’s, May 2017

Preferred stock investors have ignored the last two interest rate hikes from the Federal Reserve. Despite two rate hikes over the last six months, preferred stock buyers have pushed the average price of these securities up by $1.10 per share so far this year, a 10.7 percent annualized value gain for preferred stock investors. Those investing in U.S.-traded preferred stocks since the beginning of 2017 are currently on pace for a total annualized return of 17.2 percent...

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Monday, May 1, 2017

How Preferred Stock Investors Can Keep Up With Increasing Rates

A period of increasing rates is great for preferred stock buyers - the higher coupons that come with increasing rates puts more money in your pocket. With the Fed increasing the federal funds rate twice over the last five months – with additional increases predicted to be on the horizon – the technique that I describe here allows preferred stock investors to turn the known inverse relationship between rates and prices to your advantage during such periods...

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Monday, April 3, 2017

New Preferred Stock IPO’s, March 2017

The March 15 hike in the federal funds rate had little-to-no effect on the average market price of preferred stocks. There are currently 105 high quality preferred stocks selling for an average price of $25.24 per share. 41 of these high quality (investment grade, call-protected, cumulative dividends) issues are selling below their $25 par value, providing an average yield-to-call of...

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Friday, March 3, 2017

New Preferred Stock IPOs, February 2017

While the Fed's December 2016 rate hike brought great prices to preferred stock buyers, preferred stock prices have been edging back up, increasing an average of $0.35 per share during February. So far this year, the average market price of U.S.-traded preferred stocks is up $0.80, an annualized increase of 19.4 percent. There are currently 111 high quality preferred stocks selling for an average price of $25.12 (February 28), offering an average yield-to-call of 5.59 percent. And 49 of these high quality issues are selling below their $25 par value...

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Friday, February 3, 2017

New Preferred Stock IPO’s, January 2017

Since the Fed started raising the federal funds rate in December, the U.S. preferred stock market has been offering today’s buyers the best prices (and therefore yields) that we have seen since last spring. There are currently 114 high quality preferred stocks selling for an average price of $24.77 (January 31), offering an average yield-to-call of 5.70 percent. And 57 of these high quality issues are selling below their $25 par value...

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Monday, January 2, 2017

106 Investment Grade Preferred Stocks Below $25 as 2016 Comes to an End

With historically low interest rates for the last several years, the market prices of income securities (preferred stocks, bonds) have been very high for quite some time. But in anticipation of a Q4 rate increase, preferred stock prices finally started returning toward normal last August. 106 investment grade, call-protected preferreds are now trading below their $25 par value with an average price of $23.35 per share...

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