While the Fed's December 2016 rate hike brought great prices to preferred stock buyers, preferred stock prices have been edging back up, increasing an average of $0.35 per share during February. So far this year, the average market price of U.S.-traded preferred stocks is up $0.80, an annualized increase of 19.4 percent. There are currently 111 high quality preferred stocks selling for an average price of $25.12 (February 28), offering an average yield-to-call of 5.59 percent. And 49 of these high quality issues are selling below their $25 par value...
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