CIM - New Preferred Stock IPOs January 2019
Preferred stock prices ticked back up throughout January, but are still just below these securities' $25 par value offering an opportunity for buyers.
Remember that the par value is what shareholders will receive in cash should the issuing company decide to redeem your shares. So buying shares below par sets you up for a downstream capital gain on top of the regular dividend income provided by these securities.
January’s new issues
January’s four new preferred stocks are offering an average annual dividend (coupon) of 7.0 percent, an average current yield (which does not consider reinvested