Tuesday, December 31, 2013

2013 Delivers Higher Dividend Income At Lower Prices To Preferred Stock Investors

Posted by Doug K. Le Du, Author of Preferred Stock Investing at 4:26 PM
2013 was the year that preferred stock investors have been waiting for. There are now 167 investment grade preferred stocks selling for a market price below these securities' $25 par value, delivering an average 6.82 percent current yield. That's up from a mere 36 such issues providing an average current yield of 5.62 percent a year ago.

And ten of those 167 offer dividend rates (coupon) of at least seven percent. That was unthinkable just a few months ago...

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