08-01-2021, 03:56 AM
I'm new and I don't know if preferred stocks and baby bonds have been discussed as far as dividend capture. Since they are low beta in comparison to the common they are based on, they are more predictable. There are different varieties of these stocks and so a learning curve is involved. Some have a fairly near term call or maturity date. They can be recalled by the company after their call date and will be called on their maturity date for their par value, which is usually less than they are currently trading for. Solid issues with a 7% dividend are traded so there is no problem that the dividend is too small. Free registration at quantumonline dot com will give you loads of info. Check their tables. Always double check for the ex-div date on any of these you trade. If you like to build spread sheets and screen for stocks, this might be for you.
I kept these things in mind when I traded preferreds, but didn't take it to the level of importing data to spreadsheets. I no longer trade preferreds. My wife's account has Gabelli preferreds GGT-E, GGZ-A, GUT-A, GUT-C as well as UMH-C, UMH-D and UNMA. They have been in her account for years and were purchased below today's cost. So i don't believe they are values today because of price and they are callable or getting close to call date.
I kept these things in mind when I traded preferreds, but didn't take it to the level of importing data to spreadsheets. I no longer trade preferreds. My wife's account has Gabelli preferreds GGT-E, GGZ-A, GUT-A, GUT-C as well as UMH-C, UMH-D and UNMA. They have been in her account for years and were purchased below today's cost. So i don't believe they are values today because of price and they are callable or getting close to call date.