Skip to main content
No. of Recommendations: 1
Last month I posted about buying 500 shares of EAI at $25.40 a share a few days before it's ex-dividend date. After thinking about it more (and liking the idea), I decided to go ahead and buy 500 shares of ELC for the same price of $25.40 a share before the same ex-dividend date. This month I bought EMP & ENO before their ex-dividend date of today. I might be wrong, but right now I like this strategy. The price of these preferreds are being held down due to the chance of being called, so when interest rates rise like they have this week, the price of these preferreds did not fluctuate much. If interest rates keep rising, the likelihood of these preferreds being called becomes less likely.

Time will tell how good of an idea this was...

Jim
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.