| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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7 Preferred Stocks for the Perfect High-Yield Portfolio |
Seeking Alpha - April 11, 2011 - By Roger Choudhury, Lead Editor
Last week, we wrote about our favorite financial preferred stocks. Here’s our next installment in the series. As you read below, we must tell you that you can smooth out the bumps and wild swings in the market through consistent dividend and interest payments, so we've screened for preferred stocks with consistent dividend payments. Moreover, we paid special attention to those with payments that adjust higher with higher interest rates.
These debt instruments do not ebb and flow like common shares because of their nature. These companies’ preferred stocks have shown solid performance by paying out consistent dividends alongside positive price movements. To avoid credit rating downgrades, these firms aim to make the dividend payments.
AEGON (AEG) (Floating Rate Perpetual Capital Securities) became callable on December 15, 2010 at $25 per share, but it trades a tad over $22 per share. When these shares are called, you can make up to 13.1% on capital appreciation. You get paid for your patience with a quarterly dividend payment, which is the greater of 4.00% or the three-month LIBOR plus 0.875% with a par value of $25 per share. This series has a good track record since its inception in November 2005, and has made all payments. The next dividend payment is on June 15 to holders of record at June 1. Additionally, S&P rated this security as BBB. The current yield is 4.6%, and the 52-week trading range is $14.74-22.55. Here is the company’s latest annual filing.
Bank of America (BAC) (Floating Rate Non-cumulative Series 1) became callable at $25 per share on November 29, 2009. Here’s the key: You can buy these shares at under $18 per share. When Bank of America decides to clean up its act, it may want to call these shares, and then you can make 40% in capital appreciation. Aside from that, the dividend payments are quarterly and amount to three-month U.S. dollar LIBOR plus 0.75%, but will not be less than 3.00% per annum. These shares were first traded on October 27, 2004, and have made all dividend payments since inception. The next dividend payment is on May 28. Keep in mind that S&P rated this security as BB+. The current yield is 4.2%, and the 52-week trading range is $15.22-18.38.
Goldman Sachs (GS) (Floating Rate Non-cumulative Series C) became callable on October 31, 2010 at $25 per share, and trades right below $24 per share. You have the potential to make 4.1% in capital appreciation when this series is called, but while you wait, you collect dividend payments. Based on a par value of $25 per share, the floating rate will be equal to the greater of 0.75% above LIBOR or a minimum of 4.00%. Since their inception in October 2005, all quarterly dividend payments have been made. The next dividend payment is on May 10. S&P rated this security as BBB-. The current yield is 4.2%, and the 52-week trading range is $18.20-24.39.
HSBC USA (HBC) (Floating Rate Non-Cumulative Series G) became callable at $25 per share on January 1, 2011, but it trades right above $24 per share. You can beat inflation if these shares are called, and make up to 3.7% in capital appreciation. However, this series pays out a decent quarterly dividend equal to the three-month LIBOR plus 0.75% of the stated value of $25 per depositary share, but will not be less than 4.00% per annum. These shares made their debut in October 2005 and have made all dividend payments since then. The next dividend payment is on July 1. Also, S&P rated this security as A-. The current yield is 4%, and the 52-week trading range is $17.00-24.34.
For the complete article.
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