I've been looking into $FN since it has a high annual dividend yield and discovered they have common and preferred shares.
For the common shares it's currently at $27.15 and a monthly dividend of $0.154/share ( with a historical upward trend for dividends). Annual yield of 6.814%.
Preferred shares currently at $14 with a quarterly dividend of $0.174 ( historically downward trend for dividends). Annual yield of 4.982%.
Why would people choose to buy preferred shares if you can earn more through dividends in the common shares? What am I missing? I would definitely buy common over the preferred.
Any insight will be appreciated, thank you.
Submitted July 03, 2017 at 01:21PM by giraffefood http://ift.tt/2uiwmdw
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