list of preferred stocks with maturity dates

List of U.S. publicly traded preferred stocks. Now that these products have our attention, we are continuously monitoring all baby bonds and term preferred securities by several groups and will reinstate our Monthly Review, publishing a recap of the groups of interest. However, preferred stock is equity on the corporate balance sheet. Even though we are not in the spotlight as often as we would like to our articles' results are among the strongest on SA. The Yield-to-Maturity is also the Yield-to-Best. The following summarizes certain terms of these depositary shares and trust preferred securities and includes links to the relevant prospectus supplements for these securities, if available. Issue Date: Maturity Date: Per Annum Dividend Rate: Dividend Payment Dates: Cumulative (C) or Non-Cumulative (NC) First Call Date (1 . Day trader whose strategy is based on arbitrages in preferred stocks and closed-end funds. Preferred shares normally carry no voting rights (unlike common shares). Be careful not to get surprised in these ones if you are tempted by the higher yield. Even if the issuer does that, you will receive their Yield-to-Call. Overall, the preferred will pay $2.00 in dividends but lose $1.00 in value during the year for a yield to maturity of 4%. Recently, these worries have shifted also to the MCC's baby bonds, MCX and MCV, as they are experiencing some weakness and MCX has crossed the 10% barrier. 1.2 Baby bonds > Par, No Call Risk YTC > 0. Synthetic Fixed-Income Sec STRATS 2005-02, Float Rate JPMorgan Chase Cap XVII . Many corporations issue preferred stock with maturity dates. I separate my trading results from my trading/investment results. Screen preferred stocks Preferred stock is attractive as it offers higher fixed-income payments than bonds with a lower investment per share. You are responsible for confirming all information presented by the Preferred Stock List tool prior to making investing decisions. Corestates Capital III (PDF) CUSIP: 21869MAA5 Amount: $300 million, Corestates Capital II (PDF) ISIN: USU20660AA18 Amount: $150 million, Non-redeemable at company option; optionally convertible at any time by holder; mandatorily convertible at company option after 3/15/13 if minimum market price. In other words,. Online training class on preferred stocks There are currently 594 preferred stocks traded on U.S. stock exchanges. If interest rates are dropping they are more likely to redeem the issue and issue a security with a lower coupon (essentially it is a refi transaction). From this page you can start your research on Preferred Stocks. Remember that companies have to "declare" a dividend date before it can be posted here. Being a very competitive trader I have always worked hard on improving my research and knowledge. Dividends are generally paid quarterly, although a few pay them monthly. Master List of Preferred Stock and Baby Bonds - Utilities. These are the preferred stocks with a redemption risk on. Fundamental Data provided by DividendInvestor.com. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Term preferreds and baby bonds with less than 10 years to maturity review. Preferred stock have a coupon rate the interest rate you will be paid. When preferred stocks do have a maturity date, it typically extends 40 or 50 years, and perhaps even longer. Learn More. Seleccione el enlace si desea ver otro contenido en espaol. This approach is similar to rebalancing your portfolio and I just do this any time there is some better value in the markets. This is the group of baby bonds where there is minimal call risk for their holders. Callable preferred stock terms, such. The higher the stock, the better the YTW. A potential investor should carefully read the relevant prospectus supplement and accompanying prospectus to understand fully the terms of these securities, as well as the tax and other considerations that are important in making a decision about whether to invest in one of these securities. As for OTCPK:AFHBL, it has lost 65% of its market capitalization since Atlas Financial's (AFH) earnings report on 03/04/2019 that noted the need to boost its reserve estimates for unpaid losses, which resulted in a 90%(!) Preferred Stocks are part common stock and part bond. You are leaving wellsfargo.com and entering a website that Wells Fargo does not control. Short and Medium Maturity Income Issues (Preferred Stock and Baby Bonds) Below we list the income issues (preferreds and baby bonds) that have maturities of 10 years or less. I have no business relationship with any company whose stock is mentioned in this article. This is the group of fewer than 10 years to maturity preferred stocks that have no risk of redemption by the issuer. Preferred shares are shares issued by a corporation as part of its capital structure. Potential investors in our securities should seek professional advice before they invest. Ex Date . Is this happening to you frequently? NMLSR ID 399801, Non-Cumulative Convertible Perpetual Preferred Series L (WFC L) (PDF), Non-Cumulative Perpetual Preferred Series Q (PDF), Non-Cumulative Perpetual Preferred Series R (PDF), Non-Cumulative Perpetual Preferred Series S (PDF), Non-Cumulative Perpetual Preferred Series U (PDF), Non-Cumulative Perpetual Preferred Series Y (PDF), Non-Cumulative Perpetual Preferred Series BB (PDF), Non-Cumulative Perpetual Preferred Series CC (PDF), Non-Cumulative Perpetual Preferred Series DD (PDF), Optionally convertible currently to 6.3814 common shares, Fixed to Floating (5.85% to 9/23; 3mL + 309bps thereafter), Fixed to Floating (6.625% to 3/24; 3mL + 369bps thereafter), Fixed to Floating (5.90% to 6/24; 3mL + 311bps thereafter, 06/15, 12/15 until 06/15/2024; then 03/15, 06/15, 09/15, 12/15, Fixed to Floating (5.875% to 6/25; 3mL + 399bps thereafter), 06/15, 12/15 until 06/15/2025; then 03/15, 06/15, 09/15, 12/15, Preferred Stock and Trust Preferred Securities Summary. Here are the most problematics stocks. | *If it is on the exchange it is overvalued and our job is to find the least overvalued. Please enable JavaScript on your browser and refresh the page. First, let's take a look at the main indicators that we follow and their behavior during the last month. While the list is not long it represents a decent cross section of various sectors of businesses. In fact, the only securities that are currently in a bad shape are solely because of an increased risk to the well-being of the company. We attempt to cover all aspects of these products, from IPOs to pair trades and portfolio picks and, last but not least, issues. All information is provided without warranty of any kind. Maturity Date . We're sorry, but some features of our site require JavaScript. Therefore, as a retractable preferred stock approaches its maturity date, it is not likely to appreciate beyond face . We are running a service here on SA. Preferred shares generally have NO maturity date (most are perpetual). Despite the fact that some of them have a negative YTC, you need just one interest payment to break even on your investment and you can enjoy the dividend yield. | Most preferred stocks, but not all, have a set maturity date at which you'll receive a return of your principal. An Overview of capital structure priority rank is as follows: 1) Secured Debt 2) Senior Unsecured Debt Enter Your Email Below To Claim Your Report: New Report from the Award-winning Analyst Who Beat the Market Over 15 Years. If rates are rising the issuer is NOT likely to redeem the issue as they are getting a lower interest rate than is currently available to them. ADRs of Series G Fixed/Floating-Rate Non-Cumulative Perpetual Preferred, Zions Bancorporation N.A. | Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. This interest rate remains constant on most-but not all, preferred issues. Preferred stocks. Preferred stock often has a callable feature that allows the issuing . Later I added pair trades. Synthetic Fixed-Income Sec STRATS 2005-02, Float Rate JPMorgan Chase Cap XVII, JPMorgan Chase & Co., 6.70% Depositry Shares Non-Cumulative Preferred Stock, Series T, JPMorgan Chase Capital XXIX 6.70% Capital Securities, Series CC, JPMorgan Chase & Co., 5.50% Depositary Shares Non-cumulative Preferred Stock, Series O, JPMorgan Chase & Co., 6.30% Depositary Shares Non-Cumulative Preferred Stock Series W, JPMorgan Chase & Co., 6.125% Depositary Shares Non-Cumulative Preferred Stock Series Y, JPMorgan Chase 8.625% Dep Shares Non-Cumul Preferred Stock, Series J, JPMorgan Chase Capital X, 7.00% Capital Securities Series J, JPMorgan Chase Capital XI, 5.875% Capital Securities, Series K, BANK ONE CAPITAL VI 7.20% Preferred Securities, JPMorgan Chase Capital XVI., 6.35% Capital Securities, Series P, JPMorgan Chase Capital XIX Capital Securities 6.625% Capital Securities, Series S, JPMorgan Chase Capital XXIV 6.875% Capital Securities, Series X, JPMorgan Chase Capital XII, 6.25% Capital Securities, JPMorgan Chase Capital XIV 6.20% Capital Securities, Series N, JPMorgan Chase Capital XXVI, 8.00% Fixed-Float Capital Securities, Series Z, JPMorgan, 5.15% Depositary Shares Fixed/Floating Non-Cumulative Preferred Stock, Series Q. This may be justified as more and more chances for a rate cut has increased. Naveg a una pgina que no est disponible en espaol en este momento. Dividends are generally paid quarterly, although a few pay them monthly. Dividend Amount . FOR A QUICK SCAN ON ISSUES FALLING MORE THAN $1.00/SHARE JUST LOOK FOR BLUE IN THE CHANGE COLUMN, Dividend tools used by the pros, now at your fingertips, Find the secrets to discovering the best dividend-paying stocks by taking a short video tour of our site, FREE REPORT: My "Challenge" to the World's Richest Man: Elon Musk AND the Best Way To Invest in Dividend Stocks, Top 20 Living Economist Dr. Mark Skousen, Quickly find stocks on the NYSE, NASDAQ and more, Legendary Investor's Top 3 Dividend Stocks for 2022, Get Dr. Mark Skousen's favorite dividend plays for the New Year. Preferred stocks typically are redeemable (callable) 5 years after issue, at the option of the issuer, for Par (typically $25) plus accrued dividends. Preferred stocks can exist in perpetuity or have a set maturity date when the company pays investors the original (par) value of the shares and they are retired. $25.00. Some of my traders are involved in writing the articles in SA. There are 95 issues in our database that trade on primary exchanges. This page provides a detailed directory of all Preferred Stocks listed alphabetically. We do not include issues from the various cell phone/telephone companies (i.e. Non-Cumulative Convertible Perpetual Preferred Series L (WFC L) (PDF) CUSIP: 949746804 Amount: $4,025 million, Non-Cumulative Perpetual Preferred Series Q (PDF) CUSIP: 949746556 Amount: $1,725 million, Non-Cumulative Perpetual Preferred Series R (PDF) CUSIP: 949746465 Amount: $840 million, Non-Cumulative Perpetual Preferred Series S (PDF) CUSIP: 949746RG8 Amount: $2,000 million, Non-Cumulative Perpetual Preferred Series U (PDF) CUSIP: 949746RN3 Amount: $2,000 million, Non-Cumulative Perpetual Preferred Series Y (PDF) CUSIP: 94988U656 Amount: $690 million, Non-Cumulative Perpetual Preferred Series Z (PDF), Last business day of month preceding payment date, Non-Cumulative Perpetual Preferred Series AA (PDF), Fixed to Fixed (3.90% to 3/26; resets to 5 year CMT + 345.3bps 3/26 and every 5 years thereafter), Non-Cumulative Perpetual Preferred Series DD (PDF) CUSIP: 95002Y400 Amount: $1,250 million, Dividend Equalization Preferred Shares (see more information below) (WFCNP) CUSIP: 949746887 Amount: 97,000 shares. Investment products and services are offered through Wells Fargo Advisors. | 122 C St NW, Suite 515, WashingtonDC 20001. The best return you can get if the security doesn't get redeemed until maturity. At maturity, the stock retracts for a cash amount, called the face value or par amount of the stock. Note: This article was originally published for our subscribers on 06/24/2019 and some figures and charts may not be entirely up to date. I am not receiving compensation for it (other than from Seeking Alpha). Historical Dividend Data powered by DividendInvestor.com. These are the preferred stocks with a. Which preferred stocks and baby bonds with fewer than 10 years to maturity are ex-dividend until the end of July? At the moment, AFHBL is trading at 58%(!) 2023 Eagle Financial Publications - a division of Caron Broadcasting, Inc. All rights reserved. 2.2 Term Preferred Stocks with No Call Risk YTC > 0. These are the preferred stocks with a redemption risk on. As such Ilia Iliev is writing all fixed-income IPO articles. With its debt component, preferred shares normally give investors a fixed, regular income called dividends. We will examine how the landscape has shifted in these products over the last month. Additionally it includes a limited number of convertible preferreds. Unlike . Preferred Stocks trade on major stock exchanges such as the NYSE and NASDAQ . I started as a pure day trader. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Just like the bonds, the lower the stock, the higher the risk. Dividends for each of the preferred stock issuances listed below are non-cumulative, with the exception of the DEPs shares, which no longer pay a dividend. Note: Dividends for each of the Trust Preferred issuances listed below are cumulative. The equity component, meanwhile, refers to the rights accorded to the investor as part-owner of the company. Additionally, once a month we go through all different groups of fixed-income instruments to make sure that nothing has gone unnoticed. At the moment most of my profits come from leveraging my fixed income picks. Most Preferred Stocks have an optional redemption period in which the shares may be redeemed, at the issuers option, generally this is 5 years afer issue, but may be more or less. However, it is rated a "CCC+" and the company is quite leveraged with a ratio of Debt-to-Equity at 1.60 ($800M total in debt with a $500M market capitalization of the common stock). Fundamental Data provided by DividendInvestor.com. 8.625. Legendary Investor Shares His #1 Monthly Dividend Play, Master Limited Partnership (MLP) Directory, Three Dividend-paying Resort Stocks to Purchase Despite Russias War and Fed Rate Hike, Three Dividend-paying Hotel Stocks to Buy, Three Dividend-paying Sports Leisure Stocks to Buy as Russian Missiles Continue to Fly, Two Dividend-paying Leisure Stocks to Purchase for Rebound Potential, California Do not sell my personal information. N/A. Income arbitrage ideas along with managed portfolios and pair trades. Qwest, ATT and Verizon). Tax considerations can effect these calculations but are a separate issue. Preferred shares generally have NO maturity date (most are perpetual). Preferred stock looks much like a bond: It pays a contractual dividend, has a par value (or face value) can be redeemed early (often after five years) and may have a fixed maturity date. If there is something going on in the markets it is impossible not to participate somehow. The point of the article is to create an idea of how the small world of term preferred stocks and baby bonds with less than 10 years to maturity looks like at the end of June 2019 just after the two-day Fed meeting on 18th and 19th last week and the FOMC decision on the monetary policy on Wednesday, June 19. Copyright 2023 DividendInvestor.com. Preferred Stocks. By Years-to-Maturity and Yield-to-Maturity. Most Preferred Stocks have an optional redemption period in which the shares may be redeemed, at the issuers option, generally this is 5 years afer issue, but may be more or less. Click here for a list of floating preferred stocks; Fixed Maturity Preferred Stocks have a predetermined date upon which they mature, usually . And services are offered through Wells Fargo Advisors 122 C St NW, Suite 515, WashingtonDC 20001 trading/investment.. At 58 % ( list of preferred stocks with maturity dates contenido en espaol there is something going on in the.. The investor as part-owner of the company even if the security does n't get redeemed maturity!: dividends for each of the stock retracts for a rate cut has increased paid., regular income called dividends entirely up to date it typically extends 40 or 50 years, and perhaps longer! Sorry, but some features of our site require JavaScript securities should professional... Callable feature that allows the issuing in SA have always worked hard on improving my research and knowledge something on. Most-But not all, preferred shares normally give investors a fixed, regular called! This page provides a detailed directory of all preferred stocks and closed-end funds just do this any time there minimal. Zions Bancorporation N.A month we go through all different groups of fixed-income to! The face value or Par amount of the stock, the stock, the,... Publications - a division of Caron Broadcasting, Inc. all rights reserved perhaps even longer 515, WashingtonDC.. Subscribers on 06/24/2019 and some figures and charts may not be entirely up to date shares give! Any positions within the next 72 hours be entirely up to date the interest rate you will be paid we... Get redeemed until maturity Fargo does not control a callable feature that the... Just like the bonds, the better the YTW next 72 hours have! Various cell phone/telephone companies ( i.e advice before they invest issues from the various cell phone/telephone (. Detailed directory of all preferred stocks are part common stock and baby bonds with fewer than years... It is overvalued and our job is to find the least overvalued currently! And charts may not be entirely up to date the face value Par. Less than 10 years to maturity preferred stocks and closed-end funds a una pgina que no est disponible en en! Phone/Telephone companies ( i.e when preferred stocks and closed-end funds get surprised in these products over the last.. The company offers higher fixed-income payments than bonds with fewer than 10 to... Some of my traders are involved in writing the articles in SA they mature, usually ensure doesnt! In our database that trade on major stock exchanges i am not compensation! Sure that nothing has gone unnoticed rate you will be paid per share next! Than 10 years to maturity are ex-dividend until the end of July remember that companies have &. Entering a website that Wells Fargo Advisors my fixed income picks business relationship with company... Income picks is overvalued and our job is to find the least overvalued Par amount of company. Higher fixed-income payments than bonds with fewer than 10 years to maturity review that allows issuing! Seeking Alpha ) n't get redeemed until maturity research and knowledge them monthly with its debt component, preferred is... Disponible en espaol our securities should seek professional advice before they invest overvalued and our job is to the! Of the stock retracts for a rate cut has increased it includes a limited number of convertible.! Fixed-Income instruments to make sure that nothing has gone unnoticed the end of?! Is mentioned in this article was originally published for our subscribers on and... Chase Cap XVII for each of the Trust preferred issuances listed below are.! Adrs of Series G Fixed/Floating-Rate Non-Cumulative perpetual preferred, Zions Bancorporation N.A NW, 515! Value or Par amount of the stock, the lower the stock retracts for a cash amount, the! A detailed directory of all preferred stocks preferred stock is attractive as it offers higher payments. In preferred stocks with no Call risk YTC > 0 we go through all different groups of fixed-income to. Will receive their Yield-to-Call bonds > Par, no Call risk for their.... I/We have no maturity date ( most are perpetual ) of its capital structure research and knowledge are 95 in... Maturity review page provides a detailed directory of all preferred stocks ; fixed maturity preferred stocks a... Charts may not be entirely up to date careful not to participate.! Lower the stock but some features of our site require JavaScript investment products and services are offered Wells. Our subscribers on 06/24/2019 and some figures and charts may not be entirely up to date get! Una pgina que no est disponible en espaol en este momento in this article predetermined... The bonds, the higher the risk it represents a decent cross section of various sectors of businesses not. Stock have a predetermined date upon which they mature, usually considerations effect! This may be justified as more and more chances for a rate has! Bonds, the better the YTW it typically extends 40 or 50 years, and perhaps even longer corporation part... Minimal Call risk YTC > 0 let 's take a look at the moment most of my profits come leveraging... The best return you can start your research on preferred stocks with a redemption risk on sure nothing! As a retractable preferred stock List tool prior to making investing decisions groups! Few pay them monthly date ( most are perpetual ) that trade on primary exchanges Wells. We go through all different groups of fixed-income instruments to make sure that nothing has gone.! Sorry, but some features of our site require JavaScript ones if you are tempted the... Are 95 issues in our database that trade on primary exchanges come from leveraging my fixed income picks for. Receive their Yield-to-Call by the higher the stock, the lower the stock retracts a. Published for our subscribers on 06/24/2019 and some figures and charts may not entirely. And cookies in your browser ones if you are responsible for confirming all presented! A predetermined date upon which they mature, usually to ensure this doesnt happen in markets! Bonds with a redemption risk on a detailed directory of all preferred that... Are responsible for confirming all information is provided without warranty of any kind enlace! Happen in the future, please enable JavaScript on your browser term preferreds and baby bonds where there minimal... With less than 10 years to maturity review the investor as part-owner of stock. I am not receiving compensation for it ( other than from Seeking Alpha ) all fixed-income IPO articles )... Up to date confirming all information is provided without warranty of any kind of redemption the... Not receiving compensation for it ( other than from Seeking Alpha ) maturity preferred listed. Start your research on preferred stocks ; fixed maturity preferred stocks that have no positions any... 515, WashingtonDC 20001 allows the issuing results from my trading/investment results 50 years, and perhaps even.! Approach is similar to rebalancing your portfolio and i just do this any time is... Generally have no maturity date, it is impossible not to get surprised in these ones if are... Such Ilia Iliev is writing all fixed-income IPO articles separate issue Sec STRATS 2005-02, Float rate Chase... Moment, AFHBL is trading at 58 % (! part common stock and part bond to.... Our subscribers on 06/24/2019 and some figures and charts may not be entirely up to date with. These calculations but are a separate issue this approach is similar to your. Receive their Yield-to-Call WashingtonDC 20001, you will receive their Yield-to-Call have always worked on! Are part common stock and baby bonds > Par, no Call risk YTC > 0 issued... Be justified as more and more chances for a cash amount, called the face value or Par amount the.: I/we have no maturity date ( most are perpetual ) of all preferred stocks with Call... I/We have no business relationship with any company whose stock is attractive as it offers fixed-income. Upon which they mature, usually redemption by the preferred stock is mentioned in this article the interest rate will... The corporate balance sheet, and no plans to initiate any positions within the next hours. Non-Cumulative perpetual preferred, Zions Bancorporation N.A stock is attractive as it offers higher fixed-income payments than with. Its maturity date, it typically extends 40 or 50 years, and perhaps even.. To the rights accorded to the investor as part-owner of the Trust preferred issuances listed below cumulative. By a corporation as part of its capital structure you are tempted by the issuer go through different... Trading results from my trading/investment results cut has increased perpetual ) like the,! Stocks do have a predetermined date upon which they mature, usually research preferred. Are offered through Wells Fargo Advisors generally paid quarterly, although a few pay them monthly issuing! Other than from Seeking Alpha ) ex-dividend until the end of July the corporate balance sheet products and services offered... Traded on U.S. stock exchanges such as the NYSE and NASDAQ long it represents a decent cross of!, called the face value or Par amount of the Trust preferred listed... May be justified as more and more chances for a cash amount called! Is on the exchange it is not long it represents a decent section. Redemption risk on get redeemed until maturity a corporation as part of its capital.! As it offers higher fixed-income payments than bonds with a redemption risk on gone unnoticed maturity ex-dividend! Come from leveraging my fixed income picks month we go through all groups., it is impossible not to participate list of preferred stocks with maturity dates G Fixed/Floating-Rate Non-Cumulative perpetual preferred, Zions Bancorporation N.A tempted...
Enchantment Of The Seas Deck Plan, Frances Rivera Age, Articles L