Some investors are happy to know that interest rates on top savings accounts have risen from approximately 0% in 2020 to over 1% (in some cases) in 2022. However, when you factor in inflation of over 8% (CPI is 8.5%) you’re still losing money (or at least losing buying power). For those willing to move further out on the income-investment spectrum, preferred stocks can offer a compelling combination of higher income and lower price volatility (as compared to common stocks). In this report, we rank our top 10 big-dividend preferred stocks, counting down from #10 and finishing with our #1 top idea.
200+ Big-Dividend Preferred Stocks for You to Consider
If you don’t know, preferred stocks can work a lot like bonds when interest rates rise (that’s why many prices are down and yields are up this year), but they are distinct in that they’re lower than bonds in the capital structure (but still higher than common shares), and preferred shareholders can basically get screwed in a bankruptcy (preferreds are not a loan, they are a form of equity). This report offers more details, including current data (yields, prices, recent performance, industries) on over 200 preferred shares for you to consider.