Portfolio of Preferred Stocks
A preferred stock trades like a stock but offers income like a bond. Preferreds are attractive because their yields are usually higher than corporate bonds of similar credit ratings. Like bonds, preferred stocks usually trade in a narrow price range, but they can experience significant prices declines.
You can find information about specific preferred stocks at QuatumOnline, a free site. Or check with your broker.
In addition to individual preferred stocks, you can invest in closed-end funds and exchange-traded fund that feature preferred stocks.
Here is a sample of 6 preferred stocks.
|6 Preferred Stocks|
|Fortress Biotech 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock||FBIOP|
|GCI Liberty Series A Cumulative Redeemable Preferred Stock||GLIBP|
|Landmark Infrastructure Partners LP 8.00% Series A Cumulative Redeemable Perpetual Preferred Units||LMRKP|
|Mitcham Industries Series A Preferred Stock||MINDP|
|MTBC 11% Series A Cumulative Redeemable Perpetual Preferred Stock||MTBCP|
|Stanley Black & Decker Inc Units Cumulative Convertible Preferred Shares Series C||SWP|
|Sparkline weekly price charts based on Alpha Vantage data.|
To inspect the performance of the Preferred Stocks portfolio, see the chart below. Portfolio values are computed using monthly closes for stocks from Alpha Vantage.The 3 stocks included in the portfolio computations are: LMRKP, MINDP and MTBCP. The current value of the portfolio assumes that $3,333.33 was invested (total of $10,000) in each stock at its closing monthly price for the first date shown on the portfolio value chart below. All prices are adjusted for splits and dividends. The 3 stocks excluded from the portfolio computations because of insufficient price data are: FBIOP, GLIBP and SWP.
The current value of a $10,000 investment is $12,577. The percent return is 25.77%. The annualized return is 4.69%.