Monday, August 1, 2016

New Preferred Stock IPOs, July 2016

While ongoing high demand for U.S. income securities has led issuers to introduce a huge crop of new preferred stock issues this year, they appear to have taken a break during July with only five new securities coming to market. July's five new preferred stocks are offering an average current yield of 6.2 percent for the consideration of preferred stock investors. There are now 905 of these securities trading on U.S. stock exchanges...

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