Monday, July 4, 2016

New Preferred Stock IPO’s, June 2016

Preferred stock issuers continue to take advantage of our low rate environment and high demand for income securities. June was a big month for new preferred stocks, with thirteen new issues being introduced with an average current yield of 6.5 percent for the consideration of preferred stock investors. There are now 901 of these securities trading on U.S. stock exchanges...

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