Preferred securities research: yields, call provisions, credit data, and screening across the U.S. preferred stock market.
The regulated-utility preferred stock universe comes from only five issuers, with PG&E accounting for more than half the list, raising concentration questions behind the sector's low-volatility reputation.
W. R. Berkley's 4.125% Series H baby bond trades near $14.29, a roughly 43% discount to its $25 par value and the widest gap among tracked insurance…
Equitable Holdings' 4.3% Series C preferred shares last changed hands at $15.48, a 38.08% discount to $25 par, versus a 23.9% average among…
Flagstar Bank's 6% Series U baby bond closed at $35.48, nearly 29% below its $50 principal amount, more than a year after the bank absorbed its…
First Horizon Corp's 4.7% Series F non-cumulative perpetual preferred is trading at a 38.6% discount to its $25 par value, the steepest gap among the bank's preferred offerings, even as the stock remains callable.
Hyperscale Data's 13% Series D cumulative preferred, GPUS'D, traded near $18.67 on October 16, a 25.3% discount to its $25 par, yielding 17.41%, while common shares moved higher amid a flurry of corporate announcements.
Ford Motor's two legacy baby bonds trade at different discounts to par value, with the already-callable Series C discounted roughly 25% and the Series D, not callable until 2027, discounted about 20%.
Citigroup's variable-rate baby bond C'N trades at a 6.2% premium to par with a 10.92% floating rate, diverging from steep discounts on the bank's fixed-rate preferreds amid elevated short-term rates.
DTE Energy's DTB baby bond trades near $14.79, a roughly 41% discount to its $25 par value, yielding 7.40%, even as separate coverage ties the utility's prospects to rising AI and data center power demand ahead of its Q3 earnings release.
Capital One's 4.8% Series J preferred trades near $15.66, a 37% discount to its $25 par value, well beyond the average discount across similar bank…
Dime Community Bancshares' 9% cumulative baby bond DCOMG trades at a premium to its $25 par value even as the broader preferred and baby bond market averages an 18% discount, a gap worth examining for income investors.
Bank of America's legacy 3% Series G preferred stock, callable since 2009, widened its discount to par as BAC common shares fell 4.76% today…
Mortgage REIT preferred shares including issuers like Ready Capital, Arbor Realty and Redwood Trust show current yields up to 15% and discounts to…
Hewlett Packard Enterprise's 7.625% preferred trades at a premium above 250% to par, far outpacing peers like Oracle and Pitney Bowes preferreds. The gap reflects its mandatory convertible structure, which links its value to HPE common…
Strategy Inc's STRD preferred now yields 13.65% at a 26.73% discount to par, wider than its sister issues, as bitcoin trades near $83,346 and…
Citizens Financial Group's preferred shares diverge sharply by issue date. The callable 2019 Series E trades at a steep discount with a 7.28% yield…
Diana Shipping's 8.875% Series B preferred shares trade near $26.91, a premium to the $25 par value, despite being callable since 2019, a pattern that diverges from steep discounts common across the preferred market.
DTE Energy's 4.375% baby bonds DTG and DTB both trade near a 40% discount to par despite differing call dates, a pattern suggesting long-dated interest rate exposure is outweighing near-term call risk in utility junior-subordinated debt.