Monday, November 19, 2012

10 New Preferred Stocks Bring 6.55% Average Dividend Yield To Savvy Buyers

Posted by Doug K. Le Du, Author of Preferred Stock Investing at 4:46 PM
There were twelve new preferred stocks issued during September. Ten of these twelve new preferred stock issues were distributed to the marketplace by their underwriters using the wholesale Over-The-Counter (OTC) stock exchange under temporary trading symbols.

By making their purchases during the OTC wholesale distribution process, savvy preferred stock investors were able to purchase the newly issued September shares for an average market price of $24.85. At an average purchase price of $24.85, preferred stock investors who purchased the new shares during OTC trading are now earning an average annual dividend yield of 6.55%.

Individual investors, armed with a web browser and an online trading account, are allowed to buy newly issued preferred stock shares during wholesale OTC distribution just like the big dealer/brokers...

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