GLIBB - Grossly Undervalued 'Qualified' +8% Dividends: Qurate Retail
- Qurate Retail recently paid a special dividend to common shareholders which included a new preferred stock, Qurate Retail Series A Preferred Stock (QRTEP).
- QRTEP is a par $100 preferred stock but is callable at $104 on its first call date (in five years). Its yield-to-call is a “qualified” 9.1%.
- QRTEP is a "term-preferred stock" – one of only two "qualified" dividend-paying (QDI) term-preferred stocks in the market.
- "Term-preferred" stocks have a redemption date providing protection against higher interest rates.
- QRTEP is very undervalued relative to the other"qualified" dividend-paying "term-preferred" stock and to other peer preferred stocks.
For further details see:
Grossly Undervalued 'Qualified' +8% Dividends: Qurate Retail