Bought more at 1010/share in my farm account to replace the dividends I'm losing from recent sells in my tobacco stocks.
6% qualified dividend-------
Grandma buys more Wells Fargo 7.5% Convertible PFD @ 1204/share putting it in her top 10 for the first time. It's now ranked 10th and makes up 3.9% of her assets.
I would have bought her more but Grandma needs some new teeth and it's going to cost her.
PFF better play...eliminate single issue performance and redemption risk and get higher dividend.
Convert out 21% lower.