Investment Underground looked for a few solid non-financial Preferred shares for all you yield junkies out there. Here a a few picks:
BioMed Realty (BMR.PA): BioMed Realty (BMR) is on solid ground with ample free cash flow and decent business tailwinds in 2011. The yield is 7.32% on the Series A.
| Symbol | Open | High | Low | Close | Net Chg | %Chg | Vol | 52 Week High | 52 Week Low | Div | Yield | YTD %Chg | |
| BioMed Realty Trust 7.375% Redeem. Series A | BMR.PA | 25.06 | 25.16 | 25.01 | 25.15 | 0.09 | 0.36 | 19,940 | 25.64 | 21.90 | 1.84 | 7.32 | 0.56 |
Comcast (CCW); Comcast (CMCSK, CMCSA) is a cash flow machine. The Series B notes yield 6.85%.
| Symbol | Open | High | Low | Close | Net Chg | %Chg | Vol | 52 Week High | 52 Week Low | Div | Yield | YTD %Chg | |
| Comcast 7.00% Notes Series B 2055 | CCW | 25.55 | 25.58 | 25.51 | 25.54 | -0.02 | -0.08 | 32,027 | 26.70 | 24.10 | 1.75 | 6.85 | 0.95 |
Developers Diversified Realty (DDRG): Developers (DDR) preferred 1/10th share units of the Class G are still yielding almost 8% close to par. The current ratio is only 0.72 but risks to preferred holders are relatively low.
| Symbol | Open | High | Low | Close | Net Chg | %Chg | Vol | 52 Week High | 52 Week Low | Div | Yield | YTD %Chg | |
| Developers Diversified Realty Dep. Shs (Rep. 1/10th of a share of 8.00% Cl G Cum. Redeem. pfd.) | DDRG | 25.09 | 25.14 | 25.05 | 25.06 | -0.03 | -0.12 | 310,805 | 25.44 | 21.67 | 2.00 | 7.98 | 0.56 |
Chesapeak Energy Convertible Preferreds (CHKD): The 4.5% convertibles are selling at a discount to par 100 and offer upside potential to buyers of this natural gas powerhouse Chesapeake Energy (CHK).
| Symbol | Open | High | Low | Close | Net Chg | %Chg | Vol | 52 Week High | 52 Week Low | Div | Yield | YTD %Chg | |
| Chesapeake Energy 4.50% Cum. Conv. | CHKD | 94.75 | 96.00 | 94.72 | 95.30 | 0.61 | 0.64 | 5,233 | 100.01 | 75.00 | 4.50 | 4.72 | 8.36 |
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
