Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest.
Prospect Capital Schedules Third Fiscal Quarter Earnings Release and Conference Call
Healthcare Realty Trust Reports Results for the First Quarter
Costamare Inc. Sets the Date for Its First Quarter 2024 Results Release, Conference Call and Webcast
Global Net Lease Reports First Quarter 2024 Results
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
Runway Growth Finance Corp. Reports First Quarter 2024 Financial Results
Synchronoss Technologies Reports First Quarter 2024 Results
Ellington Financial Declares Monthly Common Dividend
Brighthouse Financial Announces First Quarter 2024 Results
Assurant Reports First Quarter 2024 Financial Results
Assured Guaranty Ltd. Reports Results for First Quarter 2024
Citizens Financial Group, Inc. Declares Dividends on Preferred Stock
Southern California Edison Announces Redemption of SCE Series E Preference Stock
AmTrust Announces Quarterly Cash Dividends on Preferred Stock
I try not to think, especially late at night or about GNL preferred yields, but I thought it odd that GNL-D, an issue that trades under 21 and has a 7.5% coupon shows only a 6.8% yield on The Other Website. Barron’s, Yahoo and Quantum have it at ~9%. The reason is that TOW uses TTM data. Until 9/23, the merger, the ticker for GNL-D was RTLPP. (AFINP, before.) So GNL-D is a 3-divvy stock on TOW and a 4-divvy stock on the others.
While, as a rule, it is a good policy to check the dividend history page, it is rare for me to check a seasoned fixed preferred’s yield for accuracy. (GNL-D is a 2019 issue.) It is mandatory for me to check Oil Patch commons for extras or variable divvies. These are consistently under-reported. Occasionally you can find a bargain. Or find a dog that’s actually a fat payer. JMO. DYODD.