When we last covered CorEnergy Infrastructure Trust Inc. (CORR) we had a less than optimistic message for its shareholders. While the shares once had great potential and value, the destruction post COVID-19 and the oil price war had left us less sanguine on its prospects. We recommended that investors should look up the capital structure if they wanted solid returns.
The preferred dividends look solid here from a longer-term perspective. CorEnergy has one series of preferred shares, 7.375% Dep Shares Series A Cumulative Redeemable Perpetual Preferred Stock (CORR.PA).
The preferreds yield