Wednesday, November 1, 2017

New Preferred Stock IPO’s, October 2017

The robust number of new preferred stock offerings continued throughout October with eleven new issues being introduced during the month. October’s eleven new preferred stocks are offering an average dividend (coupon) of 7.3 percent. There are currently 95 high quality preferred stocks selling for an average price of $25.81 (October 31), offering an average coupon of 5.54 percent and a current yield of 5.36 percent. And thirteen of these high quality issues are selling below their $25 par value, providing an average yield-to-call of...

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