6 Financial Preferred Stocks for Stable Yield in a Jumpy Market
Published Mar 11, 2011 on Seeking Alpha

We perused the preferred shares landscape to uncover values that can stabilize your portfolio amid skyrocketing commodities prices and a turbulent Middle East. Here is our analysis:Citigroup (C) Capital XX Enhanced 7.875% C+G: Citigroup has made great strides in improving its balance sheet over the last 12 months. The company is consistently running positive operating cash flows on a quarterly basis. The XX series yield 7.7%. Symbol Open High Low Close Net Chg %Chg Vol 52 Week High 52 Week Low Div Yield YTD %Chg Citigroup Capital XX 7.875% Enhanced TruPS C+G 25.49 25.64 25.44 25.60 0.09 0.36 30,236 26.49 22.26 1.97 x 7.70 0.67 Bank of America (BAC) Preferreds 1/1200th Series 8 8.625% BMLQ: Bank of America is an even safer bet, with an improving loan portfolio on the commercal end and strong operating cash flows. The 1/1200th interest Series 8 shares yield a substantial 8.21%.... Read more