◆ Preferred Stock Research

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Recently Crossed Below Par

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
FITB-P-A FIFTH THIRD BANCORP Banks 6.000% 23.79 25 6.31% -4.84% quarterly
AGM-P-I FEDERAL AGRICULTURAL MOR Federal & Federall 6.875% 23.80 25 7.22% -4.80% quarterly
STRC Microstrategy Incorporat Industrial Instrum 9.000% 95.20 100 12.08% -4.80% monthly
CIM-P-D CHIMERA INVESTMENT CORP REIT - Diversified 8.000% 23.82 25 10.47% -4.74% quarterly
AMH-P-H American Homes 4 Rent REIT - Diversified 6.250% 23.89 25 6.54% -4.44% quarterly
XRN-P-A Chiron Real Estate Inc. REIT - Diversified 7.500% 23.92 25 7.84% -4.32% quarterly
NREF-P-A NexPoint Real Estate Fin REIT - Diversified 8.500% 23.92 25 8.88% -4.32% quarterly
WAL-P-A WESTERN ALLIANCE BANCORP Banks 4.250% 23.94 25 4.44% -4.24% quarterly
WBS-P-G WEBSTER FINANCIAL CORP Banks 6.500% 23.99 25 6.77% -4.04% quarterly
IVR-P-C Invesco Mortgage Capital REIT - Diversified 7.500% 24.06 25 7.79% -3.76% quarterly
JPM-P-D JPMORGAN CHASE & CO Banks 5.750% 24.14 25 5.95% -3.44% quarterly
ATH-P-A Athene Holding Ltd Baby Bond 6.350% 24.22 25 6.55% -3.12% quarterly
AHL-P-F Aspen Insurance Holdings Insurance 7.000% 24.22 25 7.23% -3.12% quarterly
RF-P-C REGIONS FINANCIAL CORP Banks 5.700% 24.25 25 5.88% -3.00% quarterly
RITM-P-E Rithm Capital Corp. REIT - Diversified 8.750% 24.29 25 9.01% -2.84% quarterly
CHMI-P-B Cherry Hill Mortgage Inv REIT - Diversified 8.250% 24.29 25 10.56% -2.84% quarterly
RITM-P-F Rithm Capital Corp. REIT - Diversified 8.750% 24.29 25 11.41% -2.84% quarterly
RWT-P-A REDWOOD TRUST INC REIT - Diversified 10.000% 24.29 25 10.29% -2.84% quarterly
TRTN-P-C Triton International Lim Industrial 7.375% 24.36 25 7.57% -2.58% quarterly
IIPR-P-A INNOVATIVE INDUSTRIAL PR REIT - Diversified 9.000% 24.38 25 9.23% -2.48% quarterly
FHN-P-E FIRST HORIZON CORP Banks 6.500% 24.39 25 6.66% -2.43% quarterly
SCHW-P-D SCHWAB CHARLES CORP Security Brokers, 5.950% 24.43 25 6.09% -2.28% quarterly
RITM-P-C Rithm Capital Corp. REIT - Diversified 6.375% 24.54 25 9.62% -1.84% quarterly
TWO-P-B TWO HARBORS INVESTMENT C REIT - Diversified 7.625% 24.58 25 7.76% -1.68% quarterly
BAC-P-K BANK OF AMERICA CORP /DE Banks 5.875% 24.60 25 5.97% -1.60% quarterly
SCE-P-M SCE Trust II Trust Prefe Utilities 7.500% 24.61 25 7.62% -1.56% quarterly
PRIF-P-L Priority Income Fund Inc Closed-End Funds 6.375% 24.61 25 6.47% -1.54% quarterly
PNFP-P-C Pinnacle Financial Partn Banks 6.750% 24.64 25 6.85% -1.44% quarterly
MTB-P-K M&T BANK CORP Banks 6.350% 24.67 25 6.43% -1.32% quarterly
ANG-P-D American National Group Insurance 7.375% 24.68 25 7.47% -1.28% quarterly
VLYPP Valley National Bancorp National Commercia 6.250% 24.69 25 8.09% -1.24% quarterly
TWO-P-A TWO HARBORS INVESTMENT C REIT - Diversified 8.125% 24.70 25 8.22% -1.20% quarterly
EFC-P-B Ellington Financial Inc. REIT - Diversified 6.250% 24.71 25 6.32% -1.16% quarterly
VLYPO Valley National Bancorp National Commercia 5.500% 24.73 25 8.32% -1.08% quarterly
DUK-P-A Duke Energy CORP Electric & Other S 5.750% 24.76 25 5.81% -0.96% quarterly
AUB-P-A Atlantic Union Bankshare Banks 6.875% 24.77 25 6.94% -0.92% quarterly
XRN-P-B Chiron Real Estate Inc. REIT - Diversified 8.000% 24.83 25 8.05% -0.68% quarterly
TWO-P-C TWO HARBORS INVESTMENT C REIT - Diversified 7.250% 24.83 25 9.64% -0.68% quarterly
GAM-P-B GENERAL AMERICAN INVESTO Closed-End Fund 5.950% 24.84 25 5.99% -0.64% quarterly
SPE-P-C SPECIAL OPPORTUNITIES FU Closed-End Fund 2.750% 24.85 25 2.77% -0.60% quarterly
RPT-P-C Rithm Property Trust Inc REIT - Diversified 9.875% 24.92 25 9.91% -0.32% quarterly
MITT-P-C TPG Mortgage Investment REIT - Diversified 8.000% 24.93 25 11.12% -0.28% quarterly
OXLCN Oxford Lane Capital Corp Baby Bond 7.125% 24.93 25 7.15% -0.28% monthly
HIG-P-G HARTFORD INSURANCE GROUP Insurance 6.000% 24.94 25 6.01% -0.24% quarterly
KEY-P-L KEYCORP /NEW/ Banks 6.200% 24.94 25 6.21% -0.24% quarterly
BFH-P-A BREAD FINANCIAL HOLDINGS Personal Credit In 8.625% 24.94 25 8.65% -0.24% quarterly
TECTP Tectonic Financial Inc Banking & Savings 9.000% 9.99 10 11.70% -0.10% quarterly
PRIF-P-D Priority Income Fund Inc Closed-End Funds 7.000% 24.98 25 7.01% -0.08% quarterly
PINE-P-A Alpine Income Property T REIT - Diversified 8.000% 24.99 25 8.00% -0.04% quarterly
FTAIN FTAI Aviation Ltd Transportation 8.250% 24.99 25 8.25% -0.04% quarterly

50 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
SearchLook up any symbol or company in the box at the top.
Lists & ScreenerBrowse by highest yield, largest discount, monthly payers, ETFs and more.
Ask the dataThe chat box answers plain questions like “highest-yield monthly REIT under par.”
$10K CalculatorSee what a past investment would be worth today.

This is information, not investment advice.

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