8.7% 'Qualified Dividend' On A New Preferred Stock From AMMO

Summary

  • Not surprisingly, AMMO Incorporated is in the business of producing ammunition.
  • POWW recently issued a new high-yield and qualified dividend-paying preferred stock with an 8.75% coupon – ticker symbol POWWP.
  • Given POWW’s very low leverage and rapidly increasing sales, we find this new preferred stock to be very attractive and undervalued.
  • An 8.3% cumulative “qualified” current yield.
  • Looking for a portfolio of ideas like this one? Members of High Dividend Opportunities get exclusive access to our model portfolio. Learn More »
Book with page about preferred stock. Trading concept.
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Co-produced with “Preferred Stock Trader”

(This article was first published to HDO subscribers on June 10, and all data is from that date. The price is up significantly since we published it to our subscribers, but it is an excellent preferred stock and

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This article was written by

122.29K Followers

Rida Morwa is a former investment and commercial Banker, with over 35 years of experience. He has been advising individual and institutional clients on high-yield investment strategies since 1991.

Rida Morwa leads the Investing Group High Dividend Opportunities where he teams up with some of Seeking Alpha's top income investing analysts. The service focuses on sustainable income through a variety of high yield investments with a targeted safe +9% yield.

Features include: model portfolio with buy/sell alerts, preferred and baby bond portfolios for more conservative investors, vibrant and active chat with access to the service’s leaders, dividend and portfolio trackers, and regular market updates. The service philosophy focuses on community, education, and the belief that nobody should invest alone.

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Analyst’s Disclosure:I am/we are long POWWP. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Treading Softly, Beyond Saving, PendragonY, and Preferred Stock Trader all are supporting contributors for High Dividend Opportunities. Any recommendation posted in this article is not indefinite. We closely monitor all of our positions. We issue Buy and Sell alerts on our recommendations, which are exclusive to our members.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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