Preferred stocks often pay high-single-digit yields, with far less risk than their similar-yielding “common” stock cousins. While many 5% and 6% common payers are yield traps with broken business models, it is possible to find preferred payouts at these levels that are perfectly secure.
from Forbes Real Time https://www.forbes.com/sites/michaelfoster/2017/09/23/the-best-and-worst-ways-to-buy-preferred-shares/
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