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Thanks for your insight. DG=Dividend Growth.

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

The reason I have >7% yield is because the current yield on my D-G portfolio is almost 6%. If I'm going to invest in pfd with no growth potential than I would like a higher initial rate.

I've heard the limit order advice several times so I'm guessing that will be the way to go. Also seen investors bemoaning the absence of the good-old days pfds back in 2008-09. Guess I'm late to the party.

Thanks again.

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