This high yield preferred stock from a major financial services company is suitable for medium- risk portfolios.
Discover Financial Services (DFS-B)
from Forbes/Lehmann Income Securities Investor
Discover Financial Services, 6.50%; Series B; Par $25.00; Current Yield 5.94%; Exchange NYSE; Rated Ba3/BB-; Call 12/001/2017 @$25.00; Yield to 3.24%;...
Our first recommendation is adding a high-yield preferred stock and our second is a partial sell of a previous pick, noting that our contributor retains a 2% position in the shares.
Buy: Cullen/Frost Bankers 5.375% Perpetual Preferred Series A (CFR-A) From Jack Adamo’s Insiders most...