Preferred stock investors saw a robust buffet of new issues during August with the introduction of eleven new securities to pick from. August’s eleven new preferred stocks are offering an average current yield of 6.24 percent for the consideration of preferred stock investors. Those investing in U.S.-traded preferred stocks since the beginning of 2016 are currently on pace for a total annualized return of 16.9 percent. Persistent low rates have motivated issuers to bring 65 new preferred stocks to market this year. There are now 902 of these securities trading on U.S. stock exchanges...
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