If you like to earn high income on your investments, and you are frustrated with artificially low interest rates (thanks to the Fed’s meddling), you might consider preferred stocks. They offer compelling high yields, and less volatility risk than many other high yield opportunities. And while price appreciation is not usually the primary goal of preferred stock investors (income is), some of preferred stocks can offer attractive price appreciation potential, if you select them right. This is part 1 of this week’s Blue Harbinger Weekly, and we are sharing our top high yield preferred stocks (we currently own 6 of the top 7). Without further ado, here is the list.
7. Seaspan (SSW-I), Yield: 7.7%
If it’s steady high-income you’re looking for, Seaspan’s series I preferred shares (SSW.PI) are worth considering. You shouldn’t expect any price appreciation for these shares (they’ll continue to hover right around $25), but the big quarterly dividend payments are supported by a strong growing business (Seaspan’s fleet has grown dramatically while simultaneously increasing operational efficiency), strong financials (access to cash on favorable terms) and favorable industry dynamics (demand for Seaspan’s differentiated fleet). Further, the 7.7% dividend yield will go a lot farther than most other income investments, and it’ll do so with considerably less volatility risk and stress. You can access our full Seaspan report, here…
6. Tsakos Energy Navigation (TNP-E), Yield: 10.7%
Tsakos Energy Navigation Limited (TNP) is a leading provider of seaborne transportation services to the crude oil and petroleum products industry. In this article (link below), we analyze its business model, dividend potential, growth prospects and finally conclude with our opinion on the company’s attractive preferred shares in terms of risks versus rewards.
The Top 5:
Our Top 5 Preferred Stocks are reserved for Members-Only. We currently own all 5 of the top 5, and the following members-only report provides detailed information on each of them…
