Below are press releases from companies that have preferred stocks and/or baby bonds outstanding–or just news of general interest.
Stifel Reports First Quarter 2024 Results
Safe Bulkers, Inc. Sets Date for the First Quarter 2024 Results, Conference Call, and Webcast
LifeMD to Report First Quarter 2024 Financial Results on May 8
Navient posts first quarter 2024 financial results
Golar LNG Partners LP Series A Preferred Cash Distribution
Sallie Mae Reports First-Quarter 2024 Financial Results
ARMOUR Residential REIT, Inc. Announces May 2024 Dividend Rate Per Common Share
ARMOUR Residential REIT, Inc. First Quarter 2024 Webcast Scheduled for April 26, 2024
Raymond James Financial Reports Fiscal Second Quarter of 2024 Results
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
Global Partners LP to Host First-Quarter 2024 Financial Results Conference Call on May 8, 2024
PennyMac Mortgage Investment Trust Reports First Quarter 2024 Results
Annaly Capital Management, Inc. Reports 1st Quarter 2024 Results
In other news RIIL did post their 10K which is good. The ensuing short squeeze is fun to watch.
But fans of Level 3 assets will note that fully 83% of their $1.5B in financial assets are classified L3. In 2022 it was 58%.
This saga might not be over…
Another bank preferred I am holding for the income that I bought at the lows of last year BWBBP
Margins have shrunk because they have to pay higher rates, loss provisions held steady. Profit per common share is up but less shares as they bought back some.
Is the risk reward worth it for the return on a non cumulative stock compared to a baby bond? I guess it depends on the quantity of the issuer. Leave it up to the individual investor.
Hi Charles–I sold all of mine some months ago–simply on a hunch commercial real estate might bite them in the rear–but thus far it has not come to pass. My sales were at 19.10 up to 19.65 so I made out well since my average buy price was 15.55. Now at 17.75 I am tempted to get back in, but still think we could see commercial real estate trouble–maybe not.
Proof once again that you are a lot smarter than I am, Tim.
I sold about 80% about when you sold.
thanks for the heads up.
I got my initial investment back – just playing on the gain now.
Wish I had sold it all, but not the end of the world.
I am still up over my initial cost, so I may just let it ride for a while.
I kept 99 shares, sold 101 shares. Just a little under $40 unrealized loss, easily offset by divies, non cumulative, QDI never QDI in California since change in Fed tax law.
I have kept CCNEP 199 shares plus probably 150 shares or so in iRA or other taxable accounts. WIth unrealized gain. Jaime Diamond (JPM) apparently has put money to support small banks (presumed logic: Uncle Ben era: all banks are leveraged in order to maximize gains). LOL. I agree with PRIVATE. Quantity is important.
Maybe ‘quality’ matters?
Gary,
quality? nah.
with the gubment backing all banks – except the ones they choose to let fail, its all about picking the ones that won’t be allowed to fail. Just need a Ouija board….
Seriously, yes quality matters, but its hard to judge when you can’t tell which banks will be saved-no-matter-what and which will be allowed to fail. I don’t think BWBBP will be the latter, but who knows? Hence my remorse for not selling all my shares, but at least I got my initial capital off the table.