A year ago, preferred stock prices were very high, propped up by the Fed's QE bond-buying program. Common equities soared on cheap money while bond and preferred stock yields dropped to historic lows, even for the highest quality issues. What a difference a year makes.
The highest quality preferred stocks trading on U.S. stock exchanges are now offering an average of 1.9 times the dividend yield as the same company's common stock, almost double the return for income investors.
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The highest quality preferred stocks trading on U.S. stock exchanges are now offering an average of 1.9 times the dividend yield as the same company's common stock, almost double the return for income investors.
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.
