FFC - Monthly-Pay Preferred Stock CEF Safe 8.0% Yield And Low Price Volatility From 'Flaherty & Crumrine'
Co-produced with PendragonY for High Dividend Opportunities
For income investors, the preferred stock space is one of the most defensive and conservative way to get exposure to high-yield stocks. Many of these preferred stocks have pulled back recently due to two factors which include:
- The current market correction.
- Fears of rising interest rates.
Preferred stocks have not recovered despite the fact that the Fed has signaled less interest rate hikes going forward and despite the pullback in Treasury yields from 3.2% to 2.85%. Preferred stocks remain one of the investments of choice for conservative high-yield