bobandsherry
Thinks s/he gets paid by the post
- Joined
- Nov 24, 2015
- Messages
- 2,692
Of all the PCG preferred issues, which ones are the desirable ones to own?
PCG-A, PCG-B and PCG-C are all non-callable. The others are callable but doubtful you'd see them get called either.
Currently, I'd purchase PCG-A (and actually did) which at the current ask ($27.75) would yield 6.35% after recouping the div in arrears). That's the best based return based on current bid/ask prices (PCG-A is trading in a very narrow B/A range right now). Using the 2017 avg share price, it also has the most upside potential - PCG-B is slightly better but looks like a harder trade to pin down.
Here's share prices with a 6% dividend target, so anything lower than that would be more meat on the bone. Note that some are already trading below the 6% target (PCG-C, PCG-G, PCG-H and PCG-I). The "Current Disc" is the % below the last trade price.
6% Target | $ Share | Current Disc |
PCG-A | $29.13 | 4.89% |
PCG-B | $26.70 | 4.49% |
PCG-C | $24.27 | -0.45% |
PCG-D | $24.27 | 3.26% |
PCG-E | $24.27 | 1.32% |
PCG-G | $23.30 | -1.89% |
PCG-H | $21.84 | -0.76% |
PCG-I | $21.16 | -3.95% |
Just to be clear, the above is all based on the assumption that dividends in arrears are paid in 8/15 dividend payment.