Consider These 4 Preferred Issues To Increase Your Portfolio's Yield

If you have saved some of your capital waiting for lower stock prices, now might be a good opportunity to invest in some high dividend paying stocks. There are many preferred issues that have been hurt by this latest downdraft of the stock market and this article covers four of them. While these issues are offering exceptional yields, one must exercise caution since they are not as safe as government bonds or even corporate bonds. Below you will find some preferred issues that are selling below their call prices, along with some links that review the company that stands behind them.

The first is LXP-C (CUSIP: 529043309) Lexington Realty Trust, 6.50% Series C Cumulative Convertible Preferred Stock; a $50.00 preferred stock of Lexington Realty Trust (NYSE:LXP). CLNY-C (CUSIP: 19624R403) Colony Capital, 7.125 Series C Cumulative Redeemable Perpetual Preferred Stock is the $25.00 preferred stock of Colony Capital, Inc. (NYSE:CLNY). VNRBP closed on Friday 7/24/15 at $19.93 per share so the yield on this preferred issue is 9.5%. Furthermore if the price of oil begins to rise toward the $100.00 per barrel figure, one can expect this stock to rise to $25.00 or perhaps a little higher. The second oil and gas related preferred issue offering a very good yield is LGCYO (CUSIP: 524707502) Legacy Reserves, L.P., 8.00 % Series B Fixed/Float Cumulative Redeemable Perpetual Preferred Units of Legacy Reserves LP (NASDAQ:LGCY).

Source: Seeking Alpha

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