3 Preferred Stocks That Earn You 6%-Plus

I am a big fan of preferred stocks. They used to be thought of as a bizarre security, but now preferred stock is a major target for income investors during the historically low bond-yield period we’ve been in for years. If a company goes under, bondholders get the first bite at assets, but then preferred stockholders come next, before common stockholders. I like these three preferred stock issuances, all of which yield more than 6%...

In 2015, Sunstone Hotel Investors Inc. (NYSE:SHO) offered its Series F 6.45% cumulative preferred stock at $25 par value. Bank of America (NYSE:BAC) has a long history of preferred stock issuances. It continued that trend with a massive preferred stock offering of a 6.625% Series I preferred. Goldman Sachs (NYSE:GS) just reported earnings, and even though the numbers weren’t great and its trading business is suffering, it still had operating earnings in the billions.

Source: InvestorPlace

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