Preferred Stock Listings – All Types

While many guides like to describe preferred stock as a hybrid security, having some traits of common stock and some traits of bonds we simply like to describe preferred stock as an asset class of its own. 1st off Preferred Stock is equity.  On a corporate balance sheet preferred stock is shown in the equity section. Preferred stock is NOT debt. Most preferred stock is now sold with a $25/share face amount.  Older issues with either $50, $100 or even $1,000 face amount can still be found trading, but they are generally difficult to buy as holders seldom offer them for sale. Thus they are illiquid.  We do not spend a great deal of time following these illiquid issues as they simply play little role in the investments of most individual investor.  On the other hand some investors hone in on the illiquid issues as many times they are safe because utilities are heavily represented.

Preferred stock issues were originally mainly fixed coupon rates, although there were some ‘floating rate issues’ which typically had a small ‘base’ rate and would float with LIBOR being added to the base rate.  But starting in 2010 or so many issues started being issued in a coupon that was fixed for approximately 5 years (some 10 years) and then floating with LIBOR (Now SOFR) being added to a base rate and being changed quarterly.

Later in the 2018 area companies started issuing ‘fixed rate reset’ preferred issues.  These issues have a fixed rate for about 5 years and then are reset to the base rate plus the 5 year Treasury rate.  After the 1st reset the rate is not reset again until another 5 years passes.

Dividends are paid quarterly by most issues, but there are some that pay monthly and a few that pay only semi-annually. Banks and insurance companies almost always issue non-cumulative preferred stock as they may not count the proceeds as Tier 1 capital unless it is non-cumulative. Most utilities, REITs and MLPs issue cumulative preferred stock.

THIS IS A MASTER LIST OF $25 ISSUES. IT INCLUDES PREFERREDS (REGULAR AND TRUST) AS WELL AS BABY BONDS. THE LIST IS SIMPLY ALPHABETICAL.  This INCLUDES credit Agency ratings and you can “toggle” from alphbetical to investment grade on the bottom of the sheet.

$25/Share Master List of Preferreds, Baby Bonds and Trust Preferreds (will open a spreadsheet in a new window and you may make a copy if you want). This list includes credit ratings.

THE PAGES BELOW TAKE YOU TO A NEW WEBSITE PAGE.

$25 Preferreds by Share Loss and Gain

Preferred Stocks of Banks and Insurance Companies (Alpha and By Yield)

Preferred Stocks of Closed End Funds (CEFs) (Alpha and By Yield)

Preferred Stock of Lodging REITs

Preferred Stock of Mortgage REITs (Alpha and By Yield)

Preferred Stock and Baby Bonds of Ocean Shipping Companies (Alpha and By Yield)

Preferred Stocks Paying Monthly Dividends

Preferred Stocks of REITs (Alpha and By Yield)

Master List of Utilities-Bonds and Preferreds

Preferred Floating Rate and Fixed-to-Floating Rate (Alpha and By Yield)

$50, $100 and $1,000 Preferreds

Short/Medium Maturity Income Issues (including term preferreds)