CAI - Two 8% Yields On Qualified Dividends 17X Coverage No K-1 Major Growth
Looking for a high-yield income vehicle with robust coverage and rising rate protection? Take a look at CAI International (CAI), not for its common shares, but for its two new preferred shares, which both IPO'd in 2018.
Profile:
CAI International, Inc. operates as a transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment, and contracts for the repair, repositioning, and storage of equipment.
(Source: CAI site)
Preferred Dividends:
CAI International 8.50% Series