In trading on Friday, shares of PPL Corp's Equity Units (PPL.PRW) were yielding above the 8% mark based on its quarterly dividend (annualized to $4.375), with shares changing hands as low as $54.65 on the day. This compares to an average yield of 4.32% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PPL.PRW was trading at a 10.68% premium to its liquidation preference amount, versus the average premium of 5.34% in the "Utilities" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.6133 to 1.9763. Read More »

In trading on Friday, shares of Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (PL.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $25.44 on the day. This compares to an average yield of 4.98% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, PL.PRB was trading at a 2.36% premium to its liquidation preference amount, versus the average premium of 4.85% in the "Financial" category. Read More »

In trading on Thursday, shares of Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock (SPPRP) were yielding above the 8% mark based on its monthly dividend (annualized to $0.80), with shares changing hands as low as $10.00 on the day. This compares to an average yield of 6.37% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SPPRP was trading at a 1.90% premium to its liquidation preference amount, versus the average premium of 4.34% in the "REITs" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.77. Read More »

In trading on Thursday, shares of CommonWealth REIT's 7 1/4% Series E Cumulative Redeemable Preferred Shares (CWH.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $25.89 on the day. This compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CWH.PRE was trading at a 4.00% premium to its liquidation preference amount, versus the average premium of 5.78% in the "Real Estate" category. Read More »

In trading on Thursday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (SPG.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.1875), with shares changing hands as low as $68.01 on the day. This compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SPG.PRJ was trading at a 41.80% premium to its liquidation preference amount, versus the average premium of 5.78% in the "Real Estate" category. Read More »

In trading on Wednesday, shares of Cincinnati Bell Inc's 6 3/4% Cumulative Convertible Preferred Stock (CBB.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $3.375), with shares changing hands as low as $47.67 on the day. This compares to an average yield of 3.45% in the "Communications Services" preferred stock category, according to Preferred Stock Channel. As of last close, CBB.PRB was trading at a 2.10% discount to its liquidation preference amount, versus the average premium of 12.51% in the "Communications Services" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.02884. Read More »

In trading on Wednesday, shares of MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (MET.PRA) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.0222), with shares changing hands as low as $25.45 on the day. This compares to an average yield of 5.05% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRA was trading at a 3.44% premium to its liquidation preference amount, versus the average premium of 4.86% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Read More »

In trading on Monday, shares of PG&E Corp.'s 5.5% 1st Preferred Non-Redeemable (PCG.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $27.40 on the day. This compares to an average yield of 4.31% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRB was trading at a 8.70% premium to its liquidation preference amount, versus the average premium of 5.52% in the "Utilities" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Read More »

On 5/22/13, Bank of America Corp.'s 6% Capital Securities (BAC.PRZ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 5/28/13. As a percentage of BAC.PRZ's recent share price of $25.56, this dividend works out to approximately 1.47%, so look for shares of BAC.PRZ to trade 1.47% lower — all else being equal — when BAC.PRZ shares open for trading on 5/22/13. On an annualized basis, the current yield is approximately 5.88%, which compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. Read More »

On 5/22/13, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 5/31/13. As a percentage of KRG.PRA's recent share price of $27.35, this dividend works out to approximately 1.89%, so look for shares of KRG.PRA to trade 1.89% lower — all else being equal — when KRG.PRA shares open for trading on 5/22/13. On an annualized basis, the current yield is approximately 7.54%, which compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Read More »

In trading on Monday, shares of Goodyear Tire & Rubber Co.'s 5.875% Mandatory Convertible Preferred Stock (GTPPP) were yielding above the 6% mark based on its quarterly dividend (annualized to $2.9375), with shares changing hands as low as $48.78 on the day. As of last close, GTPPP was trading at a 1.38% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 2.7454 to 3.4317. Read More »

In trading on Monday, shares of STAG Industrial Inc.'s 9.0% Series A Cumulative Redeemable Preferred Stock (STAG.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $27.84 on the day. This compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, STAG.PRA was trading at a 13.28% premium to its liquidation preference amount, versus the average premium of 5.74% in the "Real Estate" category. Read More »

In trading on Monday, shares of Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series E (BAC.PRE) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.9889), with shares changing hands as low as $24.70 on the day. This compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRE was trading at a 0.60% discount to its liquidation preference amount, versus the average premium of 4.49% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Read More »

In trading on Monday, shares of Sterling Bancorp's 8.375% Cumulative Trust Preferred Securities (STL.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $0.8375), with shares changing hands as low as $10.30 on the day. This compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, STL.PRA was trading at a 6.60% premium to its liquidation preference amount, versus the average premium of 4.49% in the "Financial" category. Read More »

In trading on Monday, shares of Urstadt Biddle Properties Inc's 7.5% Series D Senior Cumulative Preferred Stock (UBP.PRD) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $26.47 on the day. This compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, UBP.PRD was trading at a 8.68% premium to its liquidation preference amount, versus the average premium of 5.74% in the "Real Estate" category. Read More »

On 5/21/13, PartnerRe Ltd.'s 7.25% Series E Cumulative Redeemable Preferred Shares (PRE.PRE) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 6/3/13. As a percentage of PRE.PRE's recent share price of $28.25, this dividend works out to approximately 1.60%, so look for shares of PRE.PRE to trade 1.60% lower — all else being equal — when PRE.PRE shares open for trading on 5/21/13. On an annualized basis, the current yield is approximately 6.43%, which compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. Read More »

On 5/21/13, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares (PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/3/13. As a percentage of PRE.PRD's recent share price of $25.60, this dividend works out to approximately 1.59%, so look for shares of PRE.PRD to trade 1.59% lower — all else being equal — when PRE.PRD shares open for trading on 5/21/13. On an annualized basis, the current yield is approximately 6.35%, which compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. Read More »

In trading on Thursday, shares of AG Mortgage Investment Trust Inc's 8.25% Series A Cumulative Redeemable Preferred Stock (MITT.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.73 on the day. This compares to an average yield of 6.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRA was trading at a 3.28% premium to its liquidation preference amount, versus the average premium of 5.74% in the "Real Estate" category. Read More »

In trading on Thursday, shares of Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P (PSA.PRP) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $26.90 on the day. This compares to an average yield of 6.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRP was trading at a 8.60% premium to its liquidation preference amount, versus the average premium of 5.74% in the "Real Estate" category. Read More »

On 5/17/13, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (OXLCP) will trade ex-dividend, for its monthly dividend of $0.1771, payable on 5/31/13. As a percentage of OXLCP's recent share price of $26.55, this dividend works out to approximately 0.67%, so look for shares of OXLCP to trade 0.67% lower — all else being equal — when OXLCP shares open for trading on 5/17/13. On an annualized basis, the current yield is approximately 7.98%, which compares to an average yield of 5.03% in the "Financial" preferred stock category, according to Preferred Stock Channel. Read More »

On 5/17/13, Banco Santander SA's Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (SAN.PRB) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 6/5/13. As a percentage of SAN.PRB's recent share price of $22.46, this dividend works out to approximately 1.11%, so look for shares of SAN.PRB to trade 1.11% lower — all else being equal — when SAN.PRB shares open for trading on 5/17/13. On an annualized basis, the current yield is approximately 4.45%, which compares to an average yield of 5.07% in the "Financial" preferred stock category, according to Preferred Stock Channel. Read More »

In trading on Tuesday, shares of Berkshire Income Realty Inc (BIR.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $28.09 on the day. This compares to an average yield of 5.57% in the "NA" preferred stock category, according to Preferred Stock Channel. As of last close, BIR.PRA was trading at a 15.00% premium to its liquidation preference amount, versus the average premium of 14.71% in the "NA" category. Read More »

On 5/16/13, Greenhunter Energy Inc's 10% Series C Cumulative Preferred Stock (GRH.PRC) will trade ex-dividend, for its monthly dividend of $0.2083, payable on 5/31/13. As a percentage of GRH.PRC's recent share price of $18.76, this dividend works out to approximately 1.11%, so look for shares of GRH.PRC to trade 1.11% lower — all else being equal — when GRH.PRC shares open for trading on 5/16/13. On an annualized basis, the current yield is approximately 13.30%. Read More »

On 5/16/13, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock (GOODN) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 5/31/13. As a percentage of GOODN's recent share price of $26.40, this dividend works out to approximately 0.56%, so look for shares of GOODN to trade 0.56% lower — all else being equal — when GOODN shares open for trading on 5/16/13. On an annualized basis, the current yield is approximately 6.85%, which compares to an average yield of 6.27% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Read More »

On 5/16/13, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (GOODO) will trade ex-dividend, for its monthly dividend of $0.1562, payable on 5/31/13. As a percentage of GOODO's recent share price of $25.80, this dividend works out to approximately 0.61%, so look for shares of GOODO to trade 0.61% lower — all else being equal — when GOODO shares open for trading on 5/16/13. On an annualized basis, the current yield is approximately 7.27%, which compares to an average yield of 6.27% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Read More »