|Preferred Stocks AND Exchange Traded Debt
Investment Rated - By S&P and/or Moodys
This page lists all of the regular preferred stocks and exchange traded debt issues that are rated 'investment grade' by S&P and/or
Moodys. Many securities 'not rated' by S&P or Moodys may be investment grade per Fitch (we may add Fitch in the future). If either
ratings agencies rate a preferred investment grade it is here--even if the other rates it 1 step below investment grade.
From this page you can start your research on Preferred Stocks or Exchange Traded Debt. With current prices and yields you should be
able to select a few that appear to meet your yield requirements.
Preferred shares are shares issued by a corporation as part of its capital structure.
Preferred shares normally carry no voting rights (unlike common shares). Dividends are either cumulative or non-cumulative.
Cumulative means that dividends continue to accrue if they have been suspended, but they are not paid until the company decides to
pay them after suspension. Non Cumulative means they do not continue to accrue (they are gone forever). In either case if the
dividends are suspended the company is likely in deep financial trouble.
Preferred shares are senior to common stock, but junior to all bonds.
Dividends are generally paid quarterly--although a few pay monthly.
The earliest call dates are given below. The issues generally have no maturity date.
Exchange Traded Debt Issues
Pay interest--not dividends. Accrue missed or deferred interest payment. Senior to preferred or common stock. Have a stated maturity
PLEASE NOTE - $100 issues have been REMOVED (as of 1/5/2012). These issues have little to no liquidity
and they hinder our ability to format our lists with important information as the Google Cloud limits cell
NOTE--Newer issues may not be trading (usually they trade within 30 days of closing) and the price shows
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A link on the security description will take you to a security summary and other links
|How to Buy a Preferred Stock or Exchange Traded Debt (ETD)
Preferred stocks may be bought in either a standard cash brokerage account or in a IRA or 401(K)
account---in other words in almost any account.
Preferred stocks are bought and sold generally the same as any common stock--enter an order in your
account (ticker symbol, shares and price) and wait for execution.
The KEY DIFFERENCE is you likely want to enter as a 'limit' order versus a 'market' order. Preferred
stocks usually trade much smaller volumes than common stocks, thus to control your buy price you want
to specify your price--spreads between the bid/ask can be high so use a 'limit' to optimize the price you
|S&P Credit Ratings
Investment Grade AAA, AA, A, BBB, BBB-
Speculative Grade BB+, BB, B, CCC, CC, C, D
Detailed Info on S & P Credit Ratings
|Moodys Credit Ratings
Investment Grade Aaa, Aa, A, Baa
Speculative Grade Ba, B, Caa Ca, C
Moodys may add 1, 2 and 3 to any of the above to 'fillet' each rating--1 is the top of the
rating--3 the low end
|When cell has a NA it means we have had to use a 'workaround' for the quote data (Google hasn't
added the issue to the database)--info is from Yahoo and less data is available.