Tuesday, July 2, 2019

New Preferred Stock IPOs, June 2019

With downward pressure on interest rates building over the last several weeks, preferred stock issuers took the opportunity to introduce ten new securities during June. As the month came to a close, the average market price for all U.S.-traded preferred stocks was $25.27, up $0.08 per share over the last month but right where they were twelve months ago. June’s ten new preferred stocks are offering an average annual dividend (coupon) of...

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