Monday, October 3, 2016

New Preferred Stock IPO’s, September 2016

Nine new preferred stocks were introduced for the consideration of preferred stock investors during September. As the month came to an end, September’s nine new preferred stocks were offering an average current yield of 5.9 percent. Those investing in U.S.-traded preferred stocks since the beginning of 2016 are currently on pace for a total annualized return of 14.4 percent. Persistent low rates have motivated issuers to bring 74 new preferred stocks to market this year. There are now 892 of these securities trading on U.S. stock exchanges...

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