It’s not fast at this point in time, but each day is providing modest gains for income investors.
Looking today our accounts are up about .1-.2% – not much but always better than red.
Little Bridgewater Bancorp 5.875% perpetual preferred (BWBBP) has been impressive (I’m talking my book here) in the last 6 weeks with stellar gains. No reason to think it can’t remain flat or go just a bit higher.
I am looking at a number of the small bank preferreds–more for ‘flips’ than anything else. I think there are some that are good for a buck or two in capital gains–some of them remain in the lower part of their trading ranges.
You can scout them out by current yield on the ‘bank and insurance company preferred’ page. The page will come up with an alphabetized list – just click ‘current yield’ on the top of the spreadsheet to sort by yield.