HTIA - New Preferred Stock IPOs December 2019
The average market price of U.S.-traded preferred stocks began 2019 at $23.45 per share and finished at $25.86, delivering an average capital gain of $2.41, or 10.3 percent, to preferred stock investors. Adding in the 7.2 percent that January 2019 buyers would have realized by year-end in dividend cash, 2019 was a spectacular year for preferred stock investors.
As the year came to an end, and after falling in November, the average market price of U.S.-traded preferred stocks bounced back up during December. During the month, the average market price of U.S.-traded preferred stocks increased