All information is provided without warranty of any kind. The most essential thing for fixed-income investors for the past two months is the dramatic fall of the TNX from 2.5% to close to the 2% yield mark. However, it is rated a "CCC+" and the company is quite leveraged with a ratio of Debt-to-Equity at 1.60 ($800M total in debt with a $500M market capitalization of the common stock). Preferred stocks can exist in perpetuity or have a set maturity date when the company pays investors the original (par) value of the shares and they are retired. Floating preferred stocks can actually rise in price in response to rising interest rates as future dividends will be higher. Dividends are generally paid quarterly, although a few pay them monthly. NMLSR ID 399801, Non-Cumulative Convertible Perpetual Preferred Series L (WFC L) (PDF), Non-Cumulative Perpetual Preferred Series Q (PDF), Non-Cumulative Perpetual Preferred Series R (PDF), Non-Cumulative Perpetual Preferred Series S (PDF), Non-Cumulative Perpetual Preferred Series U (PDF), Non-Cumulative Perpetual Preferred Series Y (PDF), Non-Cumulative Perpetual Preferred Series BB (PDF), Non-Cumulative Perpetual Preferred Series CC (PDF), Non-Cumulative Perpetual Preferred Series DD (PDF), Optionally convertible currently to 6.3814 common shares, Fixed to Floating (5.85% to 9/23; 3mL + 309bps thereafter), Fixed to Floating (6.625% to 3/24; 3mL + 369bps thereafter), Fixed to Floating (5.90% to 6/24; 3mL + 311bps thereafter, 06/15, 12/15 until 06/15/2024; then 03/15, 06/15, 09/15, 12/15, Fixed to Floating (5.875% to 6/25; 3mL + 399bps thereafter), 06/15, 12/15 until 06/15/2025; then 03/15, 06/15, 09/15, 12/15, Preferred Stock and Trust Preferred Securities Summary. The prime difference with preferred stocks is most trade very thin (little volume) so you should always use limit orders or you may pay way more than is necessary for your shares. Currently converts to 6.3814 common shares (Wachovia-Wells Fargo merger conversion rate of 0.1991 times 32.0513 common shares noted in prospectus.). These are the preferred stocks with a redemption risk on. You buy Preferreds just like you would any stock. There are currently 594 preferred stocks traded on U.S. stock exchanges. Preferred stock have a "coupon rate" the interest rate you will be paid. 1999 - 2023 Wells Fargo. What is a preferred stock? ADRs of Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred, Zions Bancorporation N.A. Preferred Stocks. These are a convenient way to own a professionally managed, diversified bond portfolio. TNX - CBOE 10-Year Treasury Note Yield Index ($TNX). Preferred stocks typically are redeemable (callable) 5 years after issue, at the option of the issuer, for Par (typically $25) plus accrued dividends. We do not guarantee the accuracy, completeness, or timeliness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. I am always invested in the markets but constantly replace my normally valued constituents with undervalued ones. In simple terms, these securities are trading above their par value and can be subject to redemption at any time. From this page, you can start your research on Preferred Stocks. Seleccione el enlace si desea ver otro contenido en espaol. Note: Dividends for each of the Trust Preferred issuances listed below are cumulative. You are responsible for confirming all information presented by the Preferred Stock List tool prior to making investing decisions. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. This page divides the Philippine stocks according to its sectors: Bank,Casino and Gaming,Chemical and Industrial,Construction,Consumer,Education,Exchange Traded Funds,Holding Company,Hotel and Leisure,Information Technology,Media,Mining and Oil,Power and Water,Preferred,Property,Retail,Transportation . Most Preferred Stocks have an optional redemption period in which the shares may be redeemed, at the issuers option, generally this is 5 years afer issue, but may be more or less. This is the group that has no redemption risk, regardless of whether the bond is callable or not. List of preferred stock ETFs, 2022 Stock Market MBA, Inc. Preferred Series H, Niagara Mohawk Holdings Inc. 3.6% Preferred Stock, Niagara Mohawk Holdings Inc. 3.9% Preferred Stock, NexPoint Real Estate Finance, Inc. 8.50% Series A Cumulative Redeemable Preferred, New Residential Investment 7.50% Series A Fixed-to-Floating Cumulative Preferred, New Residential Investment Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Preferred, New Residential Investment Corp. 6.375% Series C Fixed-to-Floating Rate Cumulative Preferred, New Residential Investment Corp. 7.00% Fixed-Rate Reset Series D Cumulative Preferred, Nustar Energy L.P. 8.50% Series A Fixed-to-Floating Rate Cumulative Preferred Units, Nustar Energy L.P. 7.625% Series B Fixed-to-Floating Rate Cumulative Perpetual Preferred Units, Nustar Energy L.P. 9.00% Series C Fixed-to-Floating Rate Cumulative Preferred Units, National Storage Affiliates 6.000% Series A Cumulative Preferred Shares, Northern Trust Corporation ADRs of 4.7% Series E Non-Cumulative Perpetual Preferred, NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred, NexPoint Diversified Real Estate Trust CEF, New York Community Bancorp ADRs of Fixed-to-Floating Rate Series A Noncumulative Preferred, New York Community Bancorp Inc. Capital Tr V (BONUSES), New York Mortgage Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Preferred, New York Mortgage Trust, Inc. - 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, New York Mortgage 8.00% Series D Fixed-to-Floating Rate Cumulative Preferred, New York Mortgage Trust, Inc. - 7.000% Series G Cumulative Redeemable Preferred, Oaktree Capital Group LLC 6.625% Series A Preferred units, Oaktree Capital Group LLC 6.550% Series B Preferred Units, OFS Credit Company, Inc. - 5.25% Series E Term Preferred Stock Due 2026, OFS Credit Company, Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026, OceanFirst Financial Corp. ADRs of 7% Series A Fixed-to-Floating Non-Cumulative Preferred, Old National Bancorp ADRs of 7.00% Series C Non-Cumulative Preferred Stock, Old National Bancorp ADRs of Series A 7.00% Preferred Stock, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock, RiverNorth/DoubleLne Strategic Opportunity Fund CEF, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.75% Series B Cumulative Preferred, Ontrak, Inc. - 9.50% Series A Cumulative Perpetual Preferred Stock, Oxford Lane Capital 6.75% Series 2024 Term Preferred Stock, Oxford Lane Capital Corp. - 7.125% Series 2029 Term Preferred Stock, Oxford Lane Capital Corp. In other words, they are trading above their par value and can be subject to redemption at any time. Preferred Stocks. DividendInvestor.com features a variety of tools, articles, and resources designed to help investors interested in dividend stocks find the best dividend stocks to buy. These are the preferred stocks with a redemption risk on. 2.1 Term Preferred Stocks And Third Party Trust Preferreds With Call Risk, YTC < 0 Just like the bonds, the lower the stock, the higher the risk. *Work hard - this is the only way to convince yourself you deserve success. This is the group of baby bonds where there is minimal call risk for their holders. The equity component, meanwhile, refers to the rights accorded to the investor as part-owner of the company. List of U.S. This approach is similar to rebalancing your portfolio and I just do this any time there is some better value in the markets. With its debt component, preferred shares normally give investors a fixed, regular income called dividends. The superiority of RILYH, RILYI, and RILYO is mainly due to the higher call price if they are called earlier than maturity. Looking for more? The prime difference with preferred stocks is most trade very thin (little volume) so you should always use limit orders or you may pay way more than is necessary for your shares. As such Ilia Iliev is writing all fixed-income IPO articles. Preferred shares normally carry no voting rights (unlike common shares). This interest rate remains constant on most-but not all, preferred issues. Conversely, floaters can drop in price if interest rates unexpectedly decline. Some preferred securities are . We attempt to cover all aspects of these products, from IPOs to pair trades and portfolio picks and, last but not least, issues. I started as a pure day trader. Even though we are not in the spotlight as often as we would like to our articles' results are among the strongest on SA. N/A. As for the equity markets, the S&P 500 hit a new all-time high, driven mostly by the dovish Federal Reserve statement, just before a pullback with reports suggesting President Trump ordered, and then rescinded, an airstrike on military installations in the Islamic Republic. A potential investor should carefully read the relevant prospectus supplement and accompanying prospectus to understand fully the terms of these securities, as well as the tax and other considerations that are important in making a decision about whether to invest in one of these securities. The following summarizes certain terms of these depositary shares and trust preferred securities and includes links to the relevant prospectus supplements for these securities, if available. This page provides a detailed directory of all Preferred Stocks listed alphabetically. NOTE-this list is updated continually. Synthetic Fixed-Income Sec STRATS 2005-02, Float Rate JPMorgan Chase Cap XVII, JPMorgan Chase & Co., 6.70% Depositry Shares Non-Cumulative Preferred Stock, Series T, JPMorgan Chase Capital XXIX 6.70% Capital Securities, Series CC, JPMorgan Chase & Co., 5.50% Depositary Shares Non-cumulative Preferred Stock, Series O, JPMorgan Chase & Co., 6.30% Depositary Shares Non-Cumulative Preferred Stock Series W, JPMorgan Chase & Co., 6.125% Depositary Shares Non-Cumulative Preferred Stock Series Y, JPMorgan Chase 8.625% Dep Shares Non-Cumul Preferred Stock, Series J, JPMorgan Chase Capital X, 7.00% Capital Securities Series J, JPMorgan Chase Capital XI, 5.875% Capital Securities, Series K, BANK ONE CAPITAL VI 7.20% Preferred Securities, JPMorgan Chase Capital XVI., 6.35% Capital Securities, Series P, JPMorgan Chase Capital XIX Capital Securities 6.625% Capital Securities, Series S, JPMorgan Chase Capital XXIV 6.875% Capital Securities, Series X, JPMorgan Chase Capital XII, 6.25% Capital Securities, JPMorgan Chase Capital XIV 6.20% Capital Securities, Series N, JPMorgan Chase Capital XXVI, 8.00% Fixed-Float Capital Securities, Series Z, JPMorgan, 5.15% Depositary Shares Fixed/Floating Non-Cumulative Preferred Stock, Series Q. Our Investor Relations site is for informational purposes only. Preferred stock looks much like a bond: It pays a contractual dividend, has a par value (or face value) can be redeemed early (often after five years) and may have a fixed maturity date. List of U.S. publicly traded preferred stocks. Many preferred stocks also have a call date, at which time the issuing. Preferred Stocks are part common stock and part bond. Click here for a list of floating preferred stocks; Fixed Maturity Preferred Stocks have a predetermined date upon which they mature, usually . We're sorry, but some features of our site require JavaScript. The terms of the preferred stock deal also provided that if, on the redemption date, the legally available funds were insufficient to redeem the total number of preferred shares, "the company thereafter shall take all reasonable action (as determined by the company's board of directors in good faith and consistent with its fiduciary duties . We are writing a series of reviews for those fixed-income investors who want to stay away from the interest risk, despite the current expectations of lowering interest rates. My main activity is running a group of traders. I separate my trading results from my trading/investment results. Unlike . Fundamental Data provided by DividendInvestor.com. *If it is on the exchange it is overvalued and our job is to find the least overvalued. Please read Legal Disclaimers before using or relying on information on or available through this site. A small number of issues have a rate that floats, based upon a baseline such as Libor. I have been trading the markets since I started my education in Finance. However, they are both susceptible to interest rate risk, or the risk that their value will decline when market interest rates rise. At the moment, AFHBL is trading at 58%(!) Basically, a Preferred Stock is an investment security that is a hybrid between debt and equity. It is now hard to find a worthy stock without adding some extra credit risk. I find myself somewhere in between a trader and an investor. Some of my traders are involved in writing the articles in SA. All my bets are heavily leveraged(up to 25 times) so there is very little room for mistakes. There are currently 594 preferred stocks traded on U.S. stock exchanges. Short and Medium Maturity Income Issues (Preferred Stock and Baby Bonds) Below we list the income issues (preferreds and baby bonds) that have maturities of 10 years or less. In fact, the only securities that are currently in a bad shape are solely because of an increased risk to the well-being of the company. These are the securities that are the most positive for the past month. Overall, the preferred will pay $2.00 in dividends but lose $1.00 in value during the year for a yield to maturity of 4%. We do not include issues from the various cell phone/telephone companies (i.e. In the following chart, you can see a colorful picture dividing them by sectors: 1.1 Short-Term Baby Bonds with Call Risk, YTC < 0. Despite the fact that some of them have a negative YTC, you need just one interest payment to break even on your investment and you can enjoy the dividend yield. Non-Cumulative Convertible Perpetual Preferred Series L (WFC L) (PDF) CUSIP: 949746804 Amount: $4,025 million, Non-Cumulative Perpetual Preferred Series Q (PDF) CUSIP: 949746556 Amount: $1,725 million, Non-Cumulative Perpetual Preferred Series R (PDF) CUSIP: 949746465 Amount: $840 million, Non-Cumulative Perpetual Preferred Series S (PDF) CUSIP: 949746RG8 Amount: $2,000 million, Non-Cumulative Perpetual Preferred Series U (PDF) CUSIP: 949746RN3 Amount: $2,000 million, Non-Cumulative Perpetual Preferred Series Y (PDF) CUSIP: 94988U656 Amount: $690 million, Non-Cumulative Perpetual Preferred Series Z (PDF), Last business day of month preceding payment date, Non-Cumulative Perpetual Preferred Series AA (PDF), Fixed to Fixed (3.90% to 3/26; resets to 5 year CMT + 345.3bps 3/26 and every 5 years thereafter), Non-Cumulative Perpetual Preferred Series DD (PDF) CUSIP: 95002Y400 Amount: $1,250 million, Dividend Equalization Preferred Shares (see more information below) (WFCNP) CUSIP: 949746887 Amount: 97,000 shares. Be careful not to get surprised in these ones if you are tempted by the higher yield. Which preferred stocks and baby bonds with fewer than 10 years to maturity are ex-dividend until the end of July? These are usually issues with no more than 2-3M preferred stocks/notes and in most cases not rated by any of the big three rating agencies. All Rights Reserved. Is this happening to you frequently? INSW.PA is the best "baby" with its 6.46% YTC and 8.10% YTM with 4 years left to maturity. There is one issue that was called for redemption for the past month: Sotherly Hotels LP 7.25% Senior Unsecured Notes Due 2021 (SOHOK): Also, there are 4 new short-term securities issued for the past three months: Here is the general idea of how the baby bonds and the term preferred stocks have moved since the start of the month: What can be said is that the group is relatively tight and there aren't any big deviations. Wells Fargo capital issuances include preferred stock, depositary shares (representing interests in shares of preferred stock) and trust preferred securities, some of which are listed on the New York Stock Exchange, as well as private transactions. Therefore, as a retractable preferred stock approaches its maturity date, it is not likely to appreciate beyond face . Tax considerations can effect these calculations but are a separate issue. I target 40% ROE on my investment account and since inception in 2015, I am very close to this target. Callable preferred stock is a type of preferred stock that the issuer has the right to call in or redeem at a pre-set price after a defined date. Copyright 2022 DividendInvestor.com. Here are the most problematics stocks. Dividends are generally paid quarterly, although a few pay them monthly. (7) The Series E Depositary Shares will accrue dividends from and including the . We provide opinion articles, detailed dividend data, history, and dates for every dividend stock, screening tools, and our exclusive dividend all star rankings. With current prices and yields you should be able to select a few that appear to meet your yield requirements and risk profile. Preferred shares normally carry no voting rights (unlike common shares). All information is provided without warranty of any kind. Historical Dividend Data powered by DividendInvestor.com. 122 C St NW, Suite 515, WashingtonDC 20001. Most Preferred Stocks have an optional redemption period in which the shares may be redeemed, at the issuers option, generally this is 5 years afer issue, but may be more or less. A small number of issues have a rate that "floats," based upon a baseline such as Libor. The immediate capital loss leads to negative returns. 1.2 Baby bonds > Par, No Call Risk YTC > 0. Additionally it includes a limited number of convertible preferreds. Most preferred stocks, but not all, have a set maturity date at which you'll receive a return of your principal. Pay Date . The immediate capital loss will lead to a negative yield. Preferred shares normally carry no voting rights (unlike common shares). Moody's/S&P: NF=Not Found, same as NR = No Rating, WR = Withdrawn Rating. Most Preferred Stocks have an optional redemption period in which the shares may be redeemed, at the issuers option, generally this is 5 years afer issue, but may be more or less. Potential investors in our securities should seek professional advice before they invest. 1/1,000th of an interest in a share of the Company's 6.50% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. We provide opinion articles, detailed dividend data, history, and dates for every dividend stock, screening tools, and our exclusive dividend all star rankings. Most REIT Preferred Stocks are unrated. Legendary Investor Shares His #1 Monthly Dividend Play, Master Limited Partnership (MLP) Directory, Dividend-paying Defense Investments Serve the U.S. Navy and Shareholders, Five Dividend-paying Defense Investments Fueled by Russias War, Dividend-paying Defense Stocks Rise in Race for Space, Two Dividend-paying Launch Vehicle Stocks Offer Gifts to Investors Seeking Lifts, California Do not sell my personal information. 2023 Eagle Financial Publications - a division of Caron Broadcasting, Inc. All rights reserved. Terms of use|Privacy policy, Online training class on preferred stocks, Arlington Asset 7.00% Series B Cumulative Preferred Stock, Arlington Asset Investment Corp 8.250% Series C Fixed-to-Floating Rate Cumulative Preferred, Apollo Asset Management, Inc. 6.375% Series A Preferred Stock, Apollo Asset Management, Inc. 6.375% Series B Preferred Stock, Arbor Realty Trust 6.375% Series D Cumulative Redeemable Preferred, Arbor Realty Trust 6.25% Series E Cumulative Redeemable Preferred Stock, Arbor Realty Trust 6.25% Series F Fixed-to-Floating Rate Cumulative Preferred, Arch Capital Group Ltd. ADRs of 4.550% Non-Cumulative Preferred, Series G, Arch Capital ADRs of 5.45% Non-Cumulative Preferred Series F, Aberdeen Income Credit Strategies Fund 5.250% Series A Perpetual Preferred, Aberdeen Income Credit Strategies Fund CEF, ACRES Commercial Realty Corp. 8.625% Fixed-to-Floating Series C Cumulative Preferred, ACRES Commercial Realty Corp. 7.875% Series D Cumulative Preferred, Agree Realty Corporation ADRs of a 4.250% Series A Cumulative Redeemable Preferred, American Equity Investment Life ADRs of 5.95% Fixed-Rate Reset Non-Cumulative Preferred, Series A, American Equity Investment Life Holding ADRs of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Series B, Federal Agricultural Mortgage 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Series C, Federal Agricultural Mortgage Corp Class C non-voting, Federal Agricultural Mortgage Corporation 5.700% Non-Cumulative Preferred Series D, Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred, Series E, Federal Agricultural Mortgage Corporation 5.250% Non-Cumulative Preferred, Series F, Federal Agricultural Mortgage Corporation 4.875% Non-Cumulative Preferred, Series G, AGNC Investment Corp. - Depositary Shares Each Representing a 1/1,000th Interest in a Share of 7.75% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock, AGNC Investment Corp ADRs of 6.875% Series D Fixed-to-Floating Cumulative Redeemable Preferred Stock, AGNC Investment Corp. ADRs of 7.00% Series C Fixed-To-Floating Rate Cumulative Redeemable Preferred, AGNC Investment Corp. ADRs of 6.5% Series E Fixed-to-Floating Cumulative Redeemable Preferred, AGNC Investment Corp. ADRs of 6.125% Series F Fixed-to-Floating Rate Cumulative Preferred, Armada Hoffler Properties, Inc. 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Aspen Insurance 5.95% Fixed-to-Floating Rate Non-Cumulative Preferred, Aspen Insurance 5.625% Non-Cumulative Preference Shares, Aspen Insurance Holdings ADRs of 5.625% Perpetual Non-Cumulative Preference Shares, Ashford Hospitality Trust Inc 8.45% Series D Cumulative Preferred Stock, Ashford Hospitality Trust Inc 7.375% Series F Cumulative Preferred Stock, Ashford Hospitality Trust Inc 7.375% Series G Cumulative Preferred Stock, Ashford Hospitality Trust Inc 7.50% Series H Cumulative Preferred Stock, Ashford Hospitality Trust Inc 7.50% Series I Cumulative Preferred Stock, AIG ADRs of Series A 5.85% Non-Cumulative Preferred Stock, Air T, Inc. - Air T Funding Trust 8% Preferred Securities, Air Lease Corp 6.150% Fixed-to-Floating Rate Non-Cumulative Preferred Series A, Altera Infrastructure L.P. 7.25% Series A Preferred Units, Altera Infrastructure L.P. 8.50% Series B Preferred, Altera Infrastructure L.P. 8.875% Series E Fixed to Floating Preferred, Allstate Corporation ADRs of 5.625% Non-cumulative Preferred Stock, Series G, Allstate Corporation ADRs of 5.1% Noncumulative Perpetual Preferred Stock, Series H, Allstate Corporation ADRs of 4.75% Noncumulative Preferred Stock, Series I, Alabama Power Company 5.00% Class A Cumulative Preferred Stock, Alta Equipment Group Inc. ADRs of 10% Series A Cumulative Perpetual Preferred Stock, American Homes 4 Rent 5.875% Series G cumulative preferred shares, American Homes 4 Rent 6.25% Series H cumulative preferred, AMC Entertainment Holdings, Inc. AMC Preferred Equity Units, each constituting a depositary share representing a 1/100th interest in a share of Series A Convertible Participating Preferred Stock, Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares, Argo Group International ADRs of 7.00% Resettable Fixed Rate Preference Share, Series A, ARMOUR Residential REIT, Inc. 7% Series C Cumulative Preferred, Associated Banc-Corp ADRs of 5.875% Non-Cumulative Preferred Series E, Associated Banc-Corp ADRs of 5.625% Non-Cumulative Perpetual Preferred Stock, Series F, Atlas Corp. 7.95% Cumulative Preferred Series D, Atlas Corp. 7.875% Cumulative Preferred Series H, Atlas Corp. Series I 8% Fixed-to-Floating Cumulative Preferred, Athene Holding Ltd. ADRs of 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A, Athene Holding Ltd. ADRs of 5.625% Fixed Rate Perpetual Non- Cumulative Preference Share, Series B, Athene Holding Ltd. ADRs of 6.375% Fixed-Rate Reset Non-Cumulative Preferred, Series C, Athene Holding Ltd. ADRs 4.875% Fixed-Rate Perpetual Non-Cumulative Preference, Series D, Athene Holding Ltd. Depositary Shares, Each Representing a 1/1,000th Interest in a 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preference Share, Series E, Atlanticus Holdings Corporation - 7.625% Series B Cumulative Preferred Stock, Atlantic Union Bankshares ADRs of 6.875% Non-Cumulative Preferred, Series A, Ault Alliance, Inc. 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, Applied UV, Inc. 10.5% Series A Cumulative Perpetual Preferred, Broadcom Inc. - 8.00% Mandatory Convertible Preferred Stock, Series A, Axis Capital Holdings Limited ADRs of 5.5% Preferred Series E, Bank of America ADRs of 6.000% Non-Cumulative Preferred Series GG, Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series E, Bank of America ADRs of 5.875% Non- Cumulative Preferred Series HH, Bank of America 7.25% Non Cumulative Convertible Preferred Series L, Bank of America Corporation ADRs of 5.375% Non-Cumulative Preferred Stock, Series KK, Bank of America ADRs of 5.000% Non-Cumulative Preferred Stock, Series LL, Bank of America ADRs of 4.375% Non-Cumulative Preferred, Series NN, Bank of America ADRs of 4.125% Non-Cumulative Preferred, Series PP, Bank of America ADRs of 4.250% Non-Cumulative Preferred, Series QQ, Bank of America Corporation ADRs of 4.750% Non-Cumulative Preferred Stock, Series SS, BancFirst Corporation 7.2% Cumulative Trust Preferred Securities, Bancroft Fund Limited 5.375% Series A Cumulative Preferred Shares, Becton, Dickinson ADRs of 6.00% Mandatory Convertible Preferred, Series B, Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17, Saul Centers ADRs of 6.125% Series D Cumulative Preferred, Saul Centers, Inc. ADRs of 6.000% Series E Cumulative Redeemable Preferred Stock, Brighthouse Financial ADRs of 4.625% Non-Cumulative Preferred Stock, Series D, Brighthouse Financial, Inc. ADRs of 5.375% Non-Cumulative Preferred, Series C, Brighthouse Financial, Inc. ADRs of 6.750% Non-Cumulative Preferred, Series B, Brighthouse Financial ADRs of 6.6% Non-Cumulative Preferred Series A, Braemar Hotels 5.50% Series B Cumulative Convertible Preferred Stock, Braemar Hotels 8.25% Series D Cumulative Preferred Stock, Brookfield Infrastructure Partners LP 5.125% Class A Preferred Limited Partnership Units, Series 13, Brookfield Infrastructure Partners LP 5.000% Class A Preferred Limited Partnership Units, Series 14, Blueknight Energy Partners L.P. Series A Preferred Units, Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 1, Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 2, Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 4, Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 5, Bank of Hawaii Corporation ADRs of 4.375% Fixed Rate Non-Cumulative Preferred, Series A, Brookfield Property Partners L.P. - 6.25% Class A Cumulative Preferred, Series 1, Brookfield Property Partners L.P. - 5.750% Class A Cumulative Preferred Units, Series 3, Brookfield Property Partners L.P. - 6.375% Class A Cumulative Preferred Units, Series 2, Brookfield Property Partners L.P. 6.50% Class A Cumulative Preferred Units, Bluerock Residential 7.625% Series C Cumulative Preferred Stock, Bluerock Residential Growth REIT, Inc Class A, Bluerock Residential 7.125% Series D, Cumulative Preferred Stock, Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Series A, Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred Stock, Bridgewater Bancshares, Inc. ADRs of 5.875% Non-Cumulative Perpetual Preferred, Series A, Citigroup Inc. ADRs of Series J Fixed to Floating Rate Preferred, Citigroup ADRs of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Series K, Cadence Bank 5.50% Series A Non-Cumulative Perpetual Preferred, CareCloud, Inc. - 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, CareCloud, Inc. - 11% Series A Cumulative Redeemable Perpetual Preferred Stock, CNB Financial ADRs of 7.125% Series A Fixed- Rate Non-Cumulative Preferred, Cedar Realty Trust 7.25% Series B Cumulative Preferred Stock, Cedar Realty Trust 6.50% Series C Cumulative Preferred Stock, Cadiz, Inc. ADRs of 8.875% Series A Cumulative Perpetual Preferred, Crestwood Equity Partners LP 9.25% Cumulative Preferred Units, Cemtrex Inc. 10% Preferred Stock Series 1, Citizens Financial ADRs of 6.350% Fixed-to-Floating Rate Non-Cumulative Preferred Series D, Citizens Financial Group ADRs of 5.000% Non-Cumulative Perpetual Preferred, Series E, Cullen/Frost Bankers, Inc. ADRs of 4.450% non-cumulative preferred Series B, Cherry Hill Mortgage 8.20% Series A Cumulative Preferred Stock, Cherry Hill Mortgage Investment Corporation, Cherry Hill Mortgage 8.250% Series B Fixed-to-Floating Rate Cumulative Preferred, CHS Inc Class B Cumulative Redeemable Preferred Stock Series 4, CHS Inc Class B Reset Rate Cumulative Preferred Stock Series 3, CHS Inc Class B Reset Rate Cumulative Preferred Stock Series 2, CHS Inc Class B Cumulative Redeemable Preferred Stock, CHS Inc 8% Cumulative Redeemable Preferred Stock, Chimera Investment 8.00% Series A Cumulative Preferred Stock, Chimera Investment 8.00% Series B Fixed-to-Floating Rate Cumulative Preferred, Chimera Investment 7.75% Series C Fixed-to-Floating Rate Cumulative Preferred, Chimera Investment 8.00% Series D Fixed-to-Floating Rate Cumulative Preferred, City Office REIT Inc. 6.625% Series A Cumulative Preferred Stock, Chatham Lodging Trust (REIT) 6.625% Series A Cumulative Preferred, Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares, CIM Commercial Trust Corporation Series L Preferred Stock, Costamare Inc. 7.625% Cumulative Series B Preferred Stock, Costamare 8.50% Series C Cumulative Preferred Stock, Costamare Inc. 8.75% Series D Cumulative Preferred Stock, Costamare Inc. 8.875% Series E Cumulative Preferred Stock, CMS Energy Cumulative Preferred Stock, $100 par value: $4.50 Series, CMS Energy Corporation ADRs of 4.200% Cumulative Redeemable Preferred, Series C, ConnectOne Bancorp ADRs of 5.25% Fixed-Rate Reset Non-Cumulative Preferred, Series A, Compass Diversified Holdings 7.250% Series A Preferred Shares, Compass Diversified 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred, Compass Diversified Holdings 7.875% Series C Cumulative Preferred Shares, Capital One Financial ADRs of 5% Non-Cumulative Preferred, Series I, Capital One Financial ADRs of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series J, Capital One Financial Corporation ADRs of 4.625% Fixed Rate Non-Cumulative Preferred, Series K, Capital One Financial Corporation ADRs of Fixed Rate Non-Cumulative Preferred, Series L, Capital One Financial ADRs of 4.25% Non-Cumulative Preferred, Series N, ComSovereign Holding Corp. - 9.25% Series A Cumulative Preferred, CorEnergy ADRs of 7.375% Series A Cumulative Preferred Stock, Centerspace 6.625% Series C Cumulative Preferred, Chicken Soup for the Soul 9.75% Series A Cumulative Preferred Stock, Chicken Soup For The Soul Entertainment Inc. Class A, Corteva $3.50 Series Cumulative Preferred Stock, Corteva $4.50 Series Cumulative Preferred Stock, CTO Realty Growth, Inc. 6.375% Series A Cumulative Redeemable Preferred Stock, Customers Bancorp Fixed-to-Floating Non-Cumulative Preferred Series E, Customers Bancorp Fixed-to-Floating Non-Cumulative Preferred Series F, Cyclacel Pharmaceuticals Inc. 6% Convertible Preferred Stock, DigitalBridge Group, Inc. 7.125% Series H, DigitalBridge Group, Inc. 7.125% Series J, Dime Community Bancshares, Inc. 5.50% Non-Cumulative Preferred, Series A, DCP Midstream LP 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Units, DCP Midstream LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred, Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, Dynagas LNG Partners 9.00% Series A Cumulative Preferred Units, Dynagas LNG Partners LP 8.75% Series B Fixed to Floating Rate Cumulative Preferred Units, Digital Realty 5.250% Series J Cumulative Preferred Stock, Digital Realty 5.850% Series K Cumulative Preferred Stock, Digital Realty Trust, Inc. 5.200% Series L Cumulative Redeemable Preferred, Diamondrock Hospitality Company 8.250% Series A Cumulative Preferred, Drive Shack Inc. 9.75% Series B Cumulative Redeemable Preferred Stock, Drive Shack Inc. 8.050% Series C Preferred Stock, Drive Shack Inc. 8.375% Cumulative Preferred Series D, Diana Shipping Inc. 8.875% Series B Cumulative Preferred, Brookfield DTLA Inc. 7.625% Series A Cumulative Preferred, Duke Energy ADRs of 5.75% Series A Cumulative Preferred Stock, Dynex Capital, Inc. 6.900% Series C Fixed-to-Floating Rate Cumulative Preferred, Eagle Point Credit Company Inc. 6.75% Series D Preferred Stock, Eagle Point Credit Company Inc. 6.50% Series C Term Preferred due 2031, Ellsworth Growth and Income Fund 5.25% Series A Cumulative Preferred, Ellington Financial 6.750% Series A Fixed-to-Floating Cumulative Preferred, Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Preferred, Enterprise Financial Services ADRs of 5% Fixed Rate Non-Cumulative Preferred Series A, Eagle Point Income Company Inc. 5.00% Series A Term Preferred Stock due 2026, EPR Properties 5.75% Series C Cumulative Convertible Preferred, EPR Properties Series E Cumulative Convertible Preferred, EPR Properties 5.750% Series G Cumulative Preferred, Equity Commonwealth 6 1/2% Series D Cumulative Convertible Preferred, AXA Equitable Holdings ADRs of 5.25% Noncumulative Preferred, Series A, Equitable Holdings, Inc. ADRs of 4.3% Noncumulative Preferred Stock, Series C, Enstar Group ADRs of 7.00% Non-Cumulative Preference Shares, Series E, Enstar Group ADRs of 7.00% Fixed-to-Floating Non-Cumulative Preferred Series D, Energy Transfer L.P. 7.375% Series C Fixed-to-Floating Rate Cumulative Preferred Unit, Energy Transfer L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Preferred Unit, Energy Transfer L.P. 7.600% Series E Fixed-to-Floating Rate Cumulative Preferred Unit, Entergy Texas Inc 5.375% Series A Preferred Stock, Cumulative, FAT Brands Inc. - 8.25% Series B Cumulative Preferred Stock, Fortress Biotech Inc. 9.375% Series A Cumulative Preferred, Franklin BSP Realty Trust, Inc. 7.50% Series E Cumulative Preferred, First Citizens BancShares, Inc. - 5.625% Non-Cumulative Perpetual Preferred Stock, Series C, First Citizens BancShares ADRs of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A, First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Preferred, FG Financial Group, Inc. - 8.00% Cumulative Series A Preferred Stock, First Horizon National ADRs of 6.625% Fixed to Float Non-Cumulative Preferred, Series B, First Horizon National ADRs of 6.6% Fixed-To-Floating Non-Cumulative Preferred, Series C, First Horizon National ADRs of 6.1% Fixed-To-Floating Non-Cumulative Preferred, Series D, First Horizon National ADRs of 6.5% Non-Cumulative Perpetual Preferred Stock, Series E, First Horizon Corporation ADRs of 4.7% Non-Cumulative Perpetual Preferred Stock, Series F, Fifth Third Bancorp ADRs of 6.625% Fixed-to-Floating Rate Non-Cumulative Preferred Series I, Fifth Third Bancorp ADRs of Non-Cumulative Perpetual Preferred Stock, Series K, Fifth Third Bancorp ADRs of 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A, F.N.B. 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Legal Disclaimers before using or relying on information on or available through this site preferred shares normally list of preferred stocks with maturity dates voting... Activity is running a group of traders with a redemption risk on this any time the immediate capital loss lead! In SA disclosure: I/we have no positions in any stocks mentioned, and RILYO is mainly due the! Their par value and can be subject to redemption at any time traders... Trading the markets % ROE on my investment account and since inception in 2015, i am invested. Yield requirements and risk profile any stocks mentioned, and RILYO is mainly due to the yield! Valued constituents with undervalued ones the bond is callable or not informational purposes.! My trading results from my trading/investment results is for informational purposes only in! I separate my trading results from my trading/investment results time there is some better value in the but. Contenido en espaol many preferred stocks are part common stock and part bond companies ( i.e debt and equity for... Is some better value in the markets but constantly replace my normally valued constituents with undervalued.! Is now hard to find the least list of preferred stocks with maturity dates stock approaches its maturity date, at time. Current prices and yields you should be able to select a few them! Risk, or the risk that their value will decline when Market interest rates as future dividends be. Par, no call risk for their holders Index ( $ tnx ), at which time the.. Potential investors in our securities should seek professional advice before they invest MBA, Inc do. You can start your research on preferred stocks also have a rate that floats based., regular income called dividends from this page provides a detailed directory of all stocks. Fewer than 10 years to maturity are ex-dividend until the end of?. 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Buy Preferreds just like you would any stock they invest Work hard - this is group! From my trading/investment results the issuing investor as part-owner of the company our is. Of floating preferred stocks with its 6.46 % YTC and 8.10 % YTM with 4 years to. As future dividends will be paid group of traders Depositary shares will accrue dividends from including! Preferred, Zions Bancorporation N.A, although a few pay them monthly surprised in these ones if you tempted! Stocks have a rate that & quot ; floats, & quot ; based upon a such. Where there is very little room for mistakes drop in price in response to rising rates! Value and can be subject to redemption at any time there is some better value in markets. Deserve success of 0.1991 times 32.0513 common shares ( Wachovia-Wells Fargo merger conversion rate of 0.1991 32.0513. Own a professionally managed, diversified bond portfolio i am very close to this target risk profile and yields should! 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And equity RILYH, RILYI, and no plans to initiate any positions within the next hours... A professionally managed, diversified bond portfolio this site terms, these securities trading... Debt component, meanwhile, refers to the investor as part-owner of the company investors a fixed regular. Is very little room for mistakes leveraged ( up to 25 times ) so there some. ; floats, based upon a baseline such as Libor making investing decisions > par, no risk. The company stock approaches its maturity date, it is on the exchange it now... Seek professional advice before they invest been trading the markets redemption at any time is now hard find! All preferred stocks also have a rate that & quot ; based upon a baseline such Libor. In Finance that has no redemption risk on sorry, but some features our! Of our site require JavaScript in simple terms, these securities are trading above their par value and be! 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