Monday, June 4, 2018

New Preferred Stock IPO’s, May 2018

The upward pressure on interest rates that has been building for some time now continues to deliver benefits to preferred stock investors. For the first time since November 2016, there were multiple investment grade preferred stocks issued during May paying 6+ percent dividends. May’s five new preferred stocks are offering an average annual dividend (coupon) of 6.8 percent for the consideration of preferred stock investors...

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