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

Published Tue, 30 Apr 2019 01:46:28 -0400 on Seeking Alpha

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

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
DYNAGAS LNG PARTNERS LP 1.41   0.0 -0.24 0.25 16.89
ARLINGTON ASSET INVESTMENT 6.63   0.0 -0.67 0.90 13.68
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 6.37   0.0 -2.15 0.84 12.98
NEW YORK MORTGAGE TRUST 6.26   9.9 0.63 0.80 12.82
NGL ENERGY PARTNERS LP 15.20   7.7 1.98 1.56 10.27
GASLOG PARTNERS LP 21.31   14.5 1.47 2.20 10.17
DCP MIDSTREAM LP 36.33   51.2 0.71 3.12 8.59
NUSTAR ENERGY 28.40   0.0 -6.56 2.40 8.45
COMPASS DIVERSIFIED 19.52   15.0 1.30 1.44 7.30
AEGON 5.08   0.0 0.00 0.29 5.57
TEEKAY LNG PARTNERS LP 15.57   41.0 0.38 0.76 4.94
SEASPAN 10.08   4.6 2.21 0.50 4.84
ENTERGY 105.54   20.2 5.22 3.64 3.47
METLIFE 49.96   9.7 5.15 1.76 3.47
SUNTRUST BANKS 63.99   11.2 5.69 2.00 3.11
U.S. BANCORP 54.22   13.0 4.18 1.48 2.79
MORGAN STANLEY 43.77   9.4 4.66 1.20 2.70
ZIONS BANCORPORATION 44.88   11.1 4.05 1.20 2.64
BANK OF AMERICA 29.19   10.8 2.69 0.60 2.05
GOLDMAN SACHS 213.30   9.0 23.84 3.40 1.61
KANSAS CITY SOUTHERN 116.79   20.3 5.76 1.44 1.18

DYNAGAS LNG PARTNERS LP - DLNG
DYNAGAS LNG PARTNERS LP - DLNG  


Older articles featuring Dynagas Lng Partners Lp (DLNG):
A 9.8% Yielding Portfolio Beating The Market: The Cash Flow Kingdom Income Portfolio Mid-Year Review
Shipping Industry Preferred Stocks - High Yields, But Watch For Riptides
Dividends By The Numbers For March 2019 And 2019-Q1
Oil And Gas Industry Dominate January 2019 Dividend Cuts
Teekay Offshore: Better Support Was Sold Off; An 11%+ Yield Opportunity
GasLog: A Well-Covered Preferred Yielding 10.4%
94 Mid-December 10%+ Yield Dividend WallStars Enjoy Jolly Target Gains
81 Pre-December 10%+ Yield Dividend WallStars Boast Bullish Target Gains
Capital Product Partners: Nearly 12% Yield With Growing Coverage And No K-1
The Safer High-Yield LNG Play: Hoegh LNG Partners

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