Low Yield Vs. High Yield Preferred Stocks. Is The Spread Wider Than You Thought?

My last article ended with a summary of how the market and preferred stocks have done since the end of 2018. I wrote the following:
During the last 3 months of 2018, the market dropped into bear territory. With the scare of rising interest rates, preferreds stocks and other interest sensitive securities fell along with the market. However, 2019 has been a very positive story with many preferreds returning to their previous highs after the fed made it clear that interest rates would stabilize. Even with recent highs, there are still many relatively safe and reliable preferred stocks that are available with high yields.”
Now that the market has rebounded, the yields have changed from December of 2018. While I normally focus on finding safe and reliable yields above 6%, I wanted to find and compare what yields were available at the low end of the yield spectrum and compare to the highest yields. I track over 600 preferred stocks and ETD securities in my database and there are companies from a wide range of industries with low to high-risk levels. The result of my search is to provide 2 tables of securities. One with low risk, low yields and the second with higher risk, high yields. This will allow the investor to see the variety of choices that are available in the marketplace and to determine if any meet their requirements for safety and ability to provide reliable and sustainable dividend payments.
The first table contains the issues with the lowest yields. The second... Read more