Monday, December 4, 2017

New Preferred Stock IPO’s, November 2017

Preferred stock issuers continued to introduce new issues at a blistering pace throughout November with fourteen new securities. November’s fourteen new preferred stocks are offering an average dividend (coupon) of 6.8 percent. There are currently 96 high quality preferred stocks selling for an average price of $25.80 per share. And fourteen of these high quality issues are selling below their $25 par value, providing an average yield-to-call of...

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