Some of these preferred prices are almost too good to be true.
I paid $25.26 for the issue last week and it closed today at $25.61. It is currently callable and is split (S&P has them a notch under investment grade while Moodys has them low investment grade) investment grade.
The next quarterly dividend is to be paid 1/1/2020 and is about 36 cents–so it makes no sense to hold at this point. I bought only 365 shares, but I will take my profit and wait for another entry.
Other investment grade issues that folks here are playing with are the State Street 6% STT-E issue, the Capital One Financial 6.70% COF-D issue and the Northern Trust 5.85% issue (NTRSP). Each of these is redeemable only on a dividend payment date–so once a pay date is past one can buy with some confidence they will have it for the full next quarter. At this moment each them is a bit expensive–meaning each is more than 1 dividend payment date above $25.