Any specs on this preferred - nice dividend
what happened to all the other posts?
The WFC-PL posts are all gone also.Remember, the mandatory conversion will convert you to common, but at around 1,300 per share when the common gets to the strike price for thirty days.
I suspect the latest "Surge" is due to the latest "Favorable" report from this weeks Barron report.I got in @ $918.No reason why it vaulted to the current price. Next div is in Oct.
Why not? It could have a value in common shares too?
It is still selling at a discount to the $1,000 face value. Additionally the dividend is safe and in today's rate environment quite juicy at over 7.25%.I've bought this at various points with the latest being around $900 and the lowest being just over $180.Now I am using it as a place to park some of my cash and earn good interest.
Face value is $1,000 so it is still trading at a discount. Currently the dividend works out to be somewhere around 7 3/4%.In this low interest environment this is a decent place to park some of your cash.I have it in my regular account as well as my IRA.