Re: Digital Realty Announces Pricing of Preferred Stock Offering
I suppose the preferreds of such companies at this rate (5+%) are more reliable for coverage over time. But if one is considering buying preferreds of one company with such a yield, why not consider an ETF preferred, with more diversified holdings, and not sacrificing yield? Examples include PGF (5.5%) and SPFF (7.1%). The prices of these preferreds, especially SPFF, took a hit last year, and appear to have stabilized. Can't complain about the yields and rest easier with the diversification (albeit limited to the financial banking sector).