8 Low Risk, High-Yield Preferred Stocks To Consider

Preferred stocks are privileged stocks that are paid dividends before making any payments to the common shareholders. They carry components of both debt and equity, thus reducing overall investment risks. Preferred stocks are a good quality option for generating income return. Therefore, I have picked 8 stocks though offer competitive yields than fixed income products. Bank of America Preferred Series 7 (BACPRD): This Bank of America (BAC) preferred stock trades at a discount to its par value, offering a high dividend yield of 6.25% at par. With a credit rating of Ba3/BB+ and increasing cash flows, and cash on hand of $638.54 billion against debt of $771.97 billion, I expect that the bank will be able to pay its preferred obligations on time. The current ratio is 1.02. Symbol Price Vol 52 WeekHigh 52 WeekLow Div Yield Bank of America, Prfd. Series 7 BACPRD $19.16 28650 $24.39 $15.50... Read more