Tuesday, April 2, 2019

New Preferred Stock IPOs, March 2019

March delivered a spectacular crop of new preferred stock issues, almost all of which are offering cumulative dividends and half come with investment grade ratings. During March, fourteen new preferred stocks were issued (and began trading by press time). As the month came to a close, the average market price for all U.S. traded preferred stocks was $24.93, up $0.21 per share over the last month...

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