We see some earnings today of note to income investors.
Ladenburg Thalmann (NYSE:LTS) has reported and they had some earnings (net income) which is nice to see. This company which has always been just marginally profitable is slowly improving in profitability.
LTS has 3 baby bonds and a 8% monthly pay preferred outstanding–these can be seen here.
DCP Midstream (NYSE:DCP) which has 2 outstanding fixed to floating rate preferreds outstanding reported a rather stellar quarter with strong net income and cash flow. DCP is now rated just a notch below investment grade and seems like they are being very well managed. They currently have a 1.45 times coverage ratio on their common units.
CLO owner Oxford Lane Capital (NASDAQ:OXLC) reported a good quarter. While Collateralized Loan Obligation owners have always scared us a bit (their holdings are somewhat of a black box) they continue to perform well. The company has 2 outstanding monthly paying term preferreds–we own 1 of the issues. These issues can be seen here.
The company released a slide show with earnings and it can be seen here.