Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 51  
Subject: Re: Anyone home? Date: 6/12/2011 1:31 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
Current criteria I've written down over the last couple days for pfds:
>7% yield
Near par
Company must pay a common dividend
Pfd must be cumulative

You forgot one criteria: Investment grade only.

>7% yield is gonna be tough to find.

If you are wanting to get good info on preferred stocks, take a look here: Spend the $20 to buy his book. It's well worth it. He has tools to help you pick preferreds, but most of them are for subscribers only. I managed to figure out several of his recommendations in the free newsletter (the symbols are blotted out in the free non-subscriber posts), but eventually a couple of us went together and bought a $200 4-member subscription. Even at $100 each, it's worth it, IMHO.

Paul's spreadsheet is good, as are Joel's comments.

I have both preferreds and "dividend champion" stocks. Problem with a dividend stock is that the price can drop and the dividend is not guaranteed. A dividend stock is a stock that pays a dividend. A preferred stock is essentially a bond that trades like a stock.

FWIW, I bought some Dividend Champ stocks late last year. SPH, CINF, GTY, HGIC. All currently are at a capital loss. -7%, -5%, -21%, -16%.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Book Review: Dream Big
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.