Tag Archives: S&P U.S. Preferred Index
Jekyll & Hyde: The U.S. Preferred Stock Market
Preferred stocks have a split personality, part equity and part bond. The bond characteristics of preferred stock has, at least for the time being, become the ‘Mr. Hyde’ of the asset class. The high dividends that preferred stock owners enjoy can be compared to future interest payments of bonds. Like bonds, the prospect of the…
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