As 2013 unfolds, preferred stock investors looking for moderately higher yields available at better market prices should not be disappointed.
Over the last year, the marketplace for preferred stocks has been characterized by relatively high prices, a bumper crop of new issues, redemptions of older issues and bank-issued trust preferred stocks (TRUPS) and relatively stable but lower yields than have historically been the case.
This Preferred Stock Market Snapshot chart depicts the preferred stock marketplace at the end of 2012 (December 28, 2012) along with two characteristics that are usually high on the list of considerations for risk-averse preferred stock investors - current market price (above and below these securities' $25 par value) and investment risk (as reflected by investment grade versus speculative grade per Moody's ratings)...
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Over the last year, the marketplace for preferred stocks has been characterized by relatively high prices, a bumper crop of new issues, redemptions of older issues and bank-issued trust preferred stocks (TRUPS) and relatively stable but lower yields than have historically been the case.
This Preferred Stock Market Snapshot chart depicts the preferred stock marketplace at the end of 2012 (December 28, 2012) along with two characteristics that are usually high on the list of considerations for risk-averse preferred stock investors - current market price (above and below these securities' $25 par value) and investment risk (as reflected by investment grade versus speculative grade per Moody's ratings)...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
