There were eleven new preferred stocks introduced during March 2016, the most since September 2014, offering an average current yield of 6.1 percent. The annual return being offered to income investors by the 10-year treasury is 1.8 percent and that of the 2-year bank CD is a meager 1.5 percent. Given these income alternatives, demand for U.S. preferred stocks remains very high with the average market price of these securities increasing during March by $0.75 to $25.04 per share...
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