UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: folgore Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Preferred stock question Date: 2/24/2014 1:30 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thanks, pauleckler. I already have a position in this preferred and they have been good about paying their dividends. For me, the dumb question was whether the call date usually coincides with a final dividend payment or not. It struck me that the call date was a couple of days shy of when you'd expect the third quarterly payment to occur, so I was concerned whether that third payment would occur or not.

Now, assuming a third payment, I can calculate whether the high dividend is high enough to compensate for a possible redemption of all shares at $25. Perhaps the market has already brought down the price to what's still profitable.

In your experience, if a company is going to call preferred shares, how far in advance is it announced or is it announced at all? Do companies that wish to redeem preferred shares simply do so once the call date passes without any press release?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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:
Value Hounds

Clorox Isn't Cleaning Up
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement