Dividends4Life: 3 New Preferred Stocks for Your Income Portfolio

3 New Preferred Stocks for Your Income Portfolio

Posted by D4L | Sunday, February 15, 2015 | 0 comments »

Regular readers of my column know I absolutely love preferred stock. Until a few years ago, it wasn’t a well-understood investment and seemed exotic to many. Now, with the ongoing hunt for yield, investors woke up and realized what a great deal the security offers. Preferred stock can be a vastly safer investment that provide much higher yields in relation to risk than bonds. Bonds aren’t yielding much and have very little risk. However, with the 5%-9% dividends that preferred stock pay, and the generally limited risk they offer, it’s a great place to stash money for income investors. I hold some preferred issues myself, as well as an ETF in the area.

There have been a few new issuances of preferred stock recently, and they seems like they might offer a way to diversify your preferred stock investments. Remember, you want a company that is solvent and in good shape financially, which substantially increases the safety of the issue. Here are three new preferred stocks to consider: Public Storage (PSA), Urstadt Biddle Properties Inc (UBA) and Gabelli Healthcare & WellnessRx Trust (GRX).

Source: InvestorPlace

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