Coolius
Full time employment: Posting here.
- Joined
- May 15, 2010
- Messages
- 862
WFC-L appears to be ramping up as it approaches the next ex-div date at the end of August.
The yield is now 5.5%, just a little bit better than the rest of the WFC preferreds out there. No longer a great buy. But the non-callable feature still makes it a better buy, if one is concerned with sustainability of income stream.
If it gets back to the $1,300 range, I'm buying back what I sold at $1,332.
Fortunately, that was only 20% of my holding.
The yield is now 5.5%, just a little bit better than the rest of the WFC preferreds out there. No longer a great buy. But the non-callable feature still makes it a better buy, if one is concerned with sustainability of income stream.
If it gets back to the $1,300 range, I'm buying back what I sold at $1,332.
Fortunately, that was only 20% of my holding.