Co-produced with Trapping Value
Today we highlight the preferred stocks of Pembina Pipeline (PBA). These are some of the safest preferred stocks around. They trade on the Canadian stock exchanges and are purchased in Canadian Dollars. However they are highly recommended for those who do not mind buying stocks in a non-US market. Dividends have a 15% withholding tax for US investors and that creates a tax credit when you file your taxes. This withholding can be avoided by purchasing shares in an IRA account.
All figures are in CAD (Canadian Dollars) unless stated