Monday, April 2, 2018

New Preferred Stock IPO’s, March 2018

The March 21 hike in the federal funds rate had the predicted result on preferred stock market prices, pushing yields up and prices down just prior to, as well as after, the announcement. After February’s lull in new preferred stock introductions, March was a more normal month in that regard with eight new issues. March’s eight new preferred stocks are offering an average annual dividend (coupon) of...

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