The average dividend rate being offered by the new preferred stocks issued during June was 7.05 percent, the first time that new issues have cleared the 7 percent mark since July 2012.
Reaching the 7 percent level implies a certain amount of normalcy or equilibrium within the marketplace for these securities. 7 percent is the long-term average dividend rate (coupon) offered by preferred stocks so, after two years of looking at lower returns, this is an important milestone for income investors. The 7.05 percent average dividend rate for June's new issues also marks the third straight month that preferred stock investors have been treated to an increase in the dividend income provided by these securities...
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.
Reaching the 7 percent level implies a certain amount of normalcy or equilibrium within the marketplace for these securities. 7 percent is the long-term average dividend rate (coupon) offered by preferred stocks so, after two years of looking at lower returns, this is an important milestone for income investors. The 7.05 percent average dividend rate for June's new issues also marks the third straight month that preferred stock investors have been treated to an increase in the dividend income provided by these securities...
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.
