No. of Recommendations: 2
Dillards has a 7.5% trust preferred ticker DDT.

http://www.quantumonline.com/search.cfm?tickersymbol=DDT&...

I have owned it for years. So far it has always paid on time.

Dillards came close to bk during the recession. People were quite concerned about their survival. But they seem to have turned the corner. DDT not long ago was deeply discounted. Now it trades close to par.

But note QuantumOnLine still rates it CCC+. Clearly this is a junk bond issue. Not for the feint of heart. And certainly not a good place for the rent money. OK as part of diversified portfolio for those willing to take the risk.

I also track Dillard's common stock. It has been doing very well and I have considered buying some, but tend to shy away from retailers as their stocks are forever in the news and going up or down. Too volatile compared to industrials for me.
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