CAI - New Preferred Stock IPOs August 2018
Preferred stock prices have fallen an average of $0.18 per share so far this year, delivering higher returns to today’s preferred stock buyers. Continuing upward pressure on interest rates is likely to put additional downward pressure on preferred stock prices. But demand for these securities remains high, keeping the average market price at $25.50, $0.50 per share above par.
August’s new issues
August’s seven new preferred stocks are offering an average annual dividend (coupon) of 6.6 percent for the consideration of preferred stock investors.
Note that I am using IPO date here, rather than the