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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Friday, December 2, 2016

New Preferred Stock IPO’s, November 2016

There are currently 81 high quality preferred stocks selling for an average price of $23.73 (November 30), offering an average yield-to-call of 8.78 percent. Only four new preferred stocks were introduced for the consideration of preferred stock investors during November. But with 81 high quality issues currently available for less than their $25 par value to pick from, the number of new preferred stock IPOs becomes much less relevant to today’s buyers....

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Wednesday, November 2, 2016

New Preferred Stock IPO's, October 2016

Market prices for U.S.-traded preferred stocks are finally coming down, with October delivering the best prices that preferred stock buyers have seen since last February. There were eight new preferred stocks introduced during October 2016, offering an average current yield of 6.4 percent. Those investing in U.S.-traded preferred stocks since the beginning of 2016 are currently on pace for a total annualized return of 12.5 percent...

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Monday, October 3, 2016

New Preferred Stock IPO’s, September 2016

Nine new preferred stocks were introduced for the consideration of preferred stock investors during September. As the month came to an end, September’s nine new preferred stocks were offering an average current yield of 5.9 percent. Those investing in U.S.-traded preferred stocks since the beginning of 2016 are currently on pace for a total annualized return of 14.4 percent. Persistent low rates have motivated issuers to bring 74 new preferred stocks to market this year. There are now 892 of these securities trading on U.S. stock exchanges...

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