Monday, July 2, 2018

New Preferred Stock IPOs, June 2018

As the first half of 2018 wraps up, higher rates have provided an average price savings of about $0.50 per share to preferred stock buyers. There are currently 121 high quality preferred stocks selling for an average price of $25.09 per share (investment grade, cumulative dividends). 51 of these high quality issues are now selling below their $25 par value, offering an average current yield of...

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