Tuesday, November 5, 2019

New Preferred Stock IPOs, October 2019

In anticipation of a drop in rates, preferred stock buyers continued to push up the prices of previously issued higher payers. As the month came to a close, the average market price for all U.S.-traded preferred stocks was $26.02 per share, up $0.09 per share over the last month. October’s thirteen new preferred stocks are offering an average annual dividend (coupon) of...

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