Friday, December 2, 2016

New Preferred Stock IPO’s, November 2016

There are currently 81 high quality preferred stocks selling for an average price of $23.73 (November 30), offering an average yield-to-call of 8.78 percent. Only four new preferred stocks were introduced for the consideration of preferred stock investors during November. But with 81 high quality issues currently available for less than their $25 par value to pick from, the number of new preferred stock IPOs becomes much less relevant to today’s buyers....

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