Once again I am upping my overall portfolio yield–by a small amount by doubling my small position in the Wesbanco 6.75% fixed rate reset preferred (WSBCP).
I bought this position at $25.01 yesterday. I had initiated the position on 5/1/2025 with a buy at $24.88 – it had just gone ex dividend by around 42 cents.
This issue is off the hiding spots list and it is almost a certainty to be called for redemption on 11/15/2025 as it has a reset at the 5 year treasury plus a spread of 6.557%. So all I can count on is 2 dividend payments.
I forgot to enter the initial buy on the laundry list of holdings on 5/1/2025, but I did write that I had bought it. I have now updated the list with both buys.