Preferred Stock Buyers: Double Dividend Opportunity Approaches

Big banks are replacing their trust preferred stocks (TRUPS) in response to new domestic and international regulations. And Real Estate Investment Trusts (REITs) are issuing new preferreds at today's lower rates and using the proceeds to call expensive, crisis-era issues that are just now starting to reach their five-year call dates. 2012 is already delivering a bumper crop of new preferred stock issues and calls.

In fact, seven very widely held preferred stocks have been called for February 2012. That means that many preferred stock investors are going to see their brokerage cash accounts swell throughout the month starting on Thursday, February 9.

For those looking to reinvest the proceeds, there are currently about 80 high quality preferred stocks to pick from. But with 44 of these, there is a special opportunity available to preferred stock investors.

Using the simple technique that I am about to describe, those who choose carefully will be able to pocket a fifth dividend payment this year, getting paid twice for the same period of time. By using this technique to earn a fifth dividend payment on the same principal, your effective annual return receives a nice boost with no extra risk or effort on your part...

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