From Dividends Value:

This is the third installment in a multi-part series that looks at various options used by income investors to boost their yield while waiting for dividend growth to lift their portfolio’s overall yield-on-cost. Last week we looked at REITs. This week we are looking at Preferred Stock.

Preferred stock is a special equity security that has properties of both equity and debt.

... The rating for preferred stock is generally lower since preferred dividends do not carry the same guarantees as interest payments from bonds, thus offer yields that are higher than bond market yields and common stock yields.

Given the unique nature of each individual preferred stock and the time necessary to research them, many have opted to place their preferred investments in...

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