Monday, May 13, 2013

17 New Preferred Stocks Offer 6.65% And More Diversification

Posted by Doug K. Le Du, Author of Preferred Stock Investing at 3:30 PM
April 2013 was a good month for preferred stock investors. New preferred stocks issued during April 2013 offer an average dividend rate of 6.65% to income investors. The number of new preferred stocks introduced during April also marks a substantial increase in the number of new preferreds when compared to new issues from a year ago. Last month's 17 new securities is a 42% increase over the twelve new issues from April 2012.

While the average 6.65% rate is not as exciting as the rates we were seeing a couple of years ago, it is substantially better than the other alternatives currently available to income investors. Investment grade corporate bonds closed the month of April offering an average yield of 3.73%, while bank CDs are stuck at 1.1%...

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.