◆ Preferred Stock Research

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Baby Bonds ($25 Notes)

Top Highest Current Yield Highest Monthly-Paying Yield Convertible Preferreds Largest Discount to Liquidation Preference Trading at a Premium to Par Trading at a Discount to Par Recently Crossed Below Par Perpetual Preferreds Fixed-to-Floating Rate Preferred Stock ETFs Baby Bonds ($25 Notes) New Preferred Offerings (last 18 months) Safe-Dividend Preferreds (cumulative, paying, non-distressed) Dow Components S&P 500 Components
SymbolIssuerSectorCouponPriceParYieldPrem/DiscFreq
AIRTP Air T Inc Air Courier Servic 8.000% 18.84 25 10.61% -24.63% quarterly
C-P-N CITIGROUP INC Banks 7.875% 26.55 25 10.28% +6.20% quarterly
BHFAL Brighthouse Financial In Life Insurance 6.250% 15.63 25 10.00% -37.48% quarterly
ADAMH Adamas Trust Inc Real Estate Invest 9.875% 24.78 25 9.96% -0.88% quarterly
RCD Ready Capital Corp REIT - Diversified 9.000% 24.00 25 9.38% -4.00% quarterly
RWTN REDWOOD TRUST INC REIT - Diversified 9.125% 24.85 25 9.18% -0.60% quarterly
CIMN CHIMERA INVESTMENT CORP REIT - Diversified 9.000% 24.93 25 9.03% -0.28% quarterly
MFAN MFA FINANCIAL, INC. REIT - Diversified 8.875% 25.03 25 8.86% +0.12% quarterly
DCOMG Dime Community Bancshare National Commercia 9.000% 25.85 25 8.70% +3.40% quarterly
OXLCI Oxford Lane Capital Corp Baby Bond 8.750% 25.18 25 8.69% +0.72% quarterly
NEWTH NewtekOne Inc National Commercia 8.625% 25.10 25 8.59% +0.40% quarterly
NEWTO NewtekOne Inc National Commercia 8.500% 25.02 25 8.49% +0.08% quarterly
SAZ Saratoga Investment Corp Baby Bond 8.500% 25.19 25 8.44% +0.76% quarterly
GECCI Great Elm Capital Corp Baby Bond 8.500% 25.30 25 8.40% +1.20% quarterly
CTBB Qwest Corporation Baby Bond 6.500% 19.40 25 8.38% -22.40% quarterly
F-P-D FORD MOTOR CO Motor Vehicles & P 6.500% 19.57 25 8.30% -21.72% quarterly
NEWTG NewtekOne Inc National Commercia 8.500% 25.60 25 8.30% +2.40% quarterly
F-P-B FORD MOTOR CO Motor Vehicles & P 6.200% 18.67 25 8.30% -25.32% quarterly
PBI-P-B PITNEY BOWES INC /DE/ Office Machines, N 6.700% 20.43 25 8.20% -18.28% quarterly
NEE-P-V NEXTERA ENERGY INC Utilities 5.900% 45.10 50 8.18% -9.80% annual
UZD United States Cellular C Baby Bond 6.250% 19.14 25 8.16% -23.43% quarterly
F-P-C FORD MOTOR CO Motor Vehicles & P 6.000% 18.46 25 8.13% -26.16% quarterly
SCCG Sachem Capital Corp. REIT - Diversified 8.000% 24.60 25 8.13% -1.58% quarterly
AQNB Algonquin Power & Utilit Baby Bond 6.200% 26.27 25 8.12% +5.08% quarterly
SAY Saratoga Investment Corp Baby Bond 8.125% 25.07 25 8.10% +0.30% quarterly
UZF United States Cellular C Baby Bond 5.500% 16.99 25 8.09% -32.04% quarterly
UZE United States Cellular C Baby Bond 5.500% 17.05 25 8.06% -31.80% quarterly
BNH Brookfield Finance Inc 4 Asset Management 4.625% 14.34 25 8.06% -42.64% quarterly
GECCH Great Elm Capital Corp Baby Bond 8.125% 25.25 25 8.05% +0.98% quarterly
NEWTI NewtekOne Inc National Commercia 8.000% 25.00 25 8.00% +0.00% quarterly
MFICL MidCap Financial Investm — 8.000% 25.08 25 7.97% +0.32% quarterly
SAJ Saratoga Investment Corp Baby Bond 8.000% 25.11 25 7.96% +0.44% quarterly
CNO-P-A CNO Financial Group, Inc Insurance 5.125% 16.32 25 7.85% -34.72% quarterly
TRINZ Trinity Capital Inc Baby Bond 7.875% 25.23 25 7.80% +0.92% quarterly
TRINI Trinity Capital Inc Baby Bond 7.875% 25.23 25 7.80% +0.94% quarterly
UNMA Unum Group 6250 Junior S Accident & Health 6.250% 20.46 25 7.64% -18.16% quarterly
NEE-P-T NEXTERA ENERGY INC Utilities 7.234% 47.56 50 7.61% -4.88% semiannual
MGRE Affiliated Managers Grou Baby Bond 6.750% 22.18 25 7.61% -11.28% quarterly
ALL-P-B ALLSTATE CORP Insurance 5.100% 25.71 25 7.52% +2.84% quarterly
MGR Affiliated Managers Grou Baby Bond 5.875% 19.55 25 7.51% -21.80% quarterly
CMSC CMS ENERGY CORP Electric & Other S 5.875% 19.62 25 7.49% -21.52% quarterly
CMSD CMS ENERGY CORP Electric & Other S 5.875% 19.67 25 7.47% -21.32% quarterly
CICB CION Investment Corporat Hospital & Medical 7.500% 25.13 25 7.46% +0.52% quarterly
CMSA CMS ENERGY CORP Electric & Other S 5.625% 18.88 25 7.45% -24.48% quarterly
ATHS Athene Holding Ltd Baby Bond 7.250% 24.35 25 7.44% -2.60% quarterly
WRB-P-E BERKLEY W R CORP Insurance 5.700% 19.21 25 7.42% -23.16% quarterly
MGRB Affiliated Managers Grou Baby Bond 4.750% 15.99 25 7.42% -36.02% quarterly
FLG-P-U FLAGSTAR BANK, NATIONAL Savings Institutio 6.000% 40.48 50 7.41% -19.04% quarterly
AEFC Aegon Funding Company LL Baby Bond 5.100% 17.26 25 7.39% -30.96% quarterly
HWCPZ Hancock Whitney Corp State Commercial B 6.250% 21.19 25 7.37% -15.24% quarterly
RILYT B. Riley Financial Inc Baby Bond 6.000% 20.65 25 7.26% -17.40% quarterly
SCCF Sachem Capital Corp. REIT - Diversified 7.125% 24.52 25 7.26% -1.92% quarterly
GL-P-D GLOBE LIFE INC. Insurance 4.250% 14.71 25 7.22% -41.16% quarterly
MGRD Affiliated Managers Grou Baby Bond 4.200% 14.61 25 7.19% -41.56% quarterly
BC-P-C BRUNSWICK CORP Engines & Turbines 6.375% 22.29 25 7.15% -10.84% quarterly
SOJC Southern Company Baby Bond 5.250% 18.42 25 7.13% -26.32% quarterly
SOJD Southern Company Baby Bond 4.950% 17.44 25 7.10% -30.24% quarterly
OXLCL Oxford Lane Capital Corp Baby Bond 6.750% 23.80 25 7.09% -4.80% quarterly
DTB DTE Energy Company Baby Bond 4.375% 15.52 25 7.05% -37.91% quarterly
RILYZ B. Riley Financial Inc Baby Bond 5.250% 18.81 25 6.98% -24.76% quarterly
KTH Structures Products Cp 8 Utilities 8.000% 28.67 25 6.98% +14.68% semiannual
WRB-P-F BERKLEY W R CORP Insurance 5.100% 18.31 25 6.96% -26.76% quarterly
DTG DTE Energy Company Baby Bond 4.375% 15.72 25 6.96% -37.12% quarterly
SREA Sempra Gas & Other Servic 5.750% 20.67 25 6.95% -17.32% quarterly
SRJN Spire Inc 6.375 Junior S Natural Gas Distri 6.375% 23.10 25 6.90% -7.60% quarterly
TBB AT&T INC. Telephone Communic 5.350% 19.42 25 6.89% -22.32% quarterly
DTW DTE Energy Company Baby Bond 5.250% 19.14 25 6.86% -23.44% quarterly
PRH Prudential Financial Inc Insurance 5.950% 21.86 25 6.80% -12.56% quarterly
WRB-P-H BERKLEY W R CORP Insurance 4.125% 15.20 25 6.78% -39.20% quarterly
TMUSL TMobile US Inc 5.500 Sen Radiotelephone Com 6.250% 23.08 25 6.77% -7.68% quarterly
NEE-P-U NEXTERA ENERGY INC Utilities 6.500% 24.03 25 6.76% -3.88% quarterly
WRB-P-G BERKLEY W R CORP Insurance 4.250% 15.81 25 6.72% -36.76% quarterly
SOJE Southern Company Baby Bond 4.200% 15.70 25 6.69% -37.20% quarterly
PFH Prudential Financial Inc Insurance 4.125% 15.43 25 6.68% -38.28% quarterly
ENO Entergy New Orleans Inc Baby Bond 5.500% 20.61 25 6.67% -17.56% quarterly
AFGB American Financial Group Fire, Marine & Cas 5.875% 22.08 25 6.65% -11.68% quarterly
TMUSZ TMobile US Inc 5.500 Sen Radiotelephone Com 5.500% 20.72 25 6.64% -17.12% quarterly
ASBA ASSOCIATED BANC-CORP Banks 6.625% 25.06 25 6.61% +0.24% quarterly
SFB STIFEL FINANCIAL CORP Security Brokers, 5.200% 19.71 25 6.60% -21.16% quarterly
NEEPN NEXTERA ENERGY INC Utilities 5.650% 21.70 25 6.51% -13.18% quarterly
NEE-P-N NEXTERA ENERGY INC Utilities 5.650% 21.70 25 6.51% -13.18% quarterly
ENJ Entergy New Orleans Inc Baby Bond 5.000% 19.20 25 6.51% -23.20% quarterly
MER-P-K Bank Of America Corp Banking & Savings 6.450% 24.82 25 6.50% -0.72% quarterly
DUKB Duke Energy CORP Electric & Other S 5.625% 21.67 25 6.49% -13.32% quarterly
TMUSI TMobile US Inc 5.500 Sen Radiotelephone Com 5.500% 21.20 25 6.49% -15.20% quarterly
BWNB Babcock & Wilcox Enterpr Heating Equipment, 6.500% 25.16 25 6.46% +0.64% quarterly
ECCC Eagle Point Credit Co Closed-End Funds 6.500% 25.19 25 6.45% +0.76% monthly
OXLCO Oxford Lane Capital Corp Baby Bond 6.000% 23.60 25 6.36% -5.60% monthly
ELC Entergy Louisiana LLC Baby Bond 4.875% 19.45 25 6.27% -22.20% quarterly
AFGD American Financial Group Fire, Marine & Cas 5.625% 22.42 25 6.27% -10.32% quarterly
JBK Lehman ABS Corp Baby Bond 3.500% 25.32 25 6.26% +1.28% semiannual
OXLCP Oxford Lane Capital Corp Baby Bond 6.250% 25.01 25 6.25% +0.04% monthly
HCXY Hercules Capital Inc Closed-End Funds 6.250% 25.00 25 6.25% +0.00% quarterly
HTFC Horizon Technology Finan Baby Bond 6.250% 25.03 25 6.24% +0.12% quarterly
EAI Entergy Arkansas LLC Baby Bond 4.875% 19.52 25 6.24% -21.92% quarterly
NRUC National Rural Utilities Baby Bond 5.500% 22.17 25 6.20% -11.32% quarterly
EMP Entergy Utility Enterpri Baby Bond 4.900% 19.81 25 6.18% -20.76% quarterly
GPJA Georgia Power Company Truck & Bus Bodies 5.000% 20.35 25 6.14% -18.60% quarterly
SCCE Sachem Capital Corp. REIT - Diversified 6.000% 24.50 25 6.12% -2.00% quarterly
SCCD Sachem Capital Corp. REIT - Diversified 6.000% 24.92 25 6.02% -0.32% quarterly
SAT Saratoga Investment Corp Baby Bond 6.000% 25.00 25 6.00% +0.00% quarterly
ECCV Eagle Point Credit Co Closed-End Funds 5.375% 24.42 25 5.50% -2.32% quarterly
OFSSH OFS Capital Corp Baby Bond 4.950% 23.65 25 5.23% -5.40% quarterly
RILYG B. Riley Financial Inc Baby Bond 5.000% 24.43 25 5.12% -2.30% quarterly
OXLCZ Oxford Lane Capital Corp Baby Bond 5.000% 24.90 25 5.02% -0.40% quarterly
GAINZ Gladstone Investment Cor Baby Bond 4.875% 24.27 25 5.02% -2.92% quarterly
TVE Tennessee Valley Authori Baby Bond 6.500% 23.50 25 2.36% -5.98% quarterly
TVC Tennessee Valley Authori Baby Bond 6.750% 24.07 25 2.22% -3.70% quarterly

108 securities

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
Finding your way around
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$10K CalculatorSee what a past investment would be worth today.

This is information, not investment advice.

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