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As of the close of business on Friday the 13th of May, the S&P 500 was down nearly 800 points from its all-time closing high reached in January of this year. This is a drop of approximately
PGX: Preferred Shares Could Help You In A Down Market
Summary
- When most people think about income-producing stocks, they think of dividend-paying common stocks.
- Preferred stocks frequently offer a higher dividend yield, and these dividends can be more stable.
- With lower prices at present, it's possible to lock in a higher yield with a preferred ETF like PGX.
Chris is a history instructor at a community college. He is building a dividend-paying stock portfolio that is hopefully low on the risk scale to build up income for his golden years.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PGX either through stock ownership, options, or other derivatives. 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.
I am not an investment professional. The preceding is intended for informational and educational purposes. Please make sure to perform due diligence before investing in equities, as losses up to all capital invested can occur.
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