Top Preferred Stock ETFs for 2018

Preferred stocks pay dividends to shareholders before they pay dividends to holders of common stock. The dividend rate is fixed. In the event a company liquidates, holders of preferred stock receive distributions first. (See also: What’s the Difference Between Preferred and Common Stock?) One way to invest in preferred stocks is through exchange-traded funds (ETFs ) that specialize … Continue reading “Top Preferred Stock ETFs for 2018”

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on twelve series of preferred stock. As previously announced, a quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing … Continue reading “Wells Fargo & Company Declares Cash Dividends on Preferred Stock”

Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock

KANSAS CITY, Mo.–(BUSINESS WIRE)–Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on August 14, 2018 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 2, 2018 to preferred stockholders of record at the close of business on September 10, 2018. The Board … Continue reading “Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock”

MetLife Declares Third Quarter 2018 Preferred Stock Dividends

NEW YORK–(BUSINESS WIRE)–MetLife, Inc. (NYSE:MET) today announced that it has declared the following preferred stock dividends: Quarterly dividend of $0.25555555 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: METPrA). Initial semi-annual dividend of $28.23263888 per share on the company’s 5.875% fixed-to-floating rate … Continue reading “MetLife Declares Third Quarter 2018 Preferred Stock Dividends”

Gladstone Investment Announces Intent to Redeem All Outstanding Shares of Existing Series B Term Preferred Stock and Series C Term Preferred Stock

MCLEAN, Va., Aug. 15, 2018 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ: GAIN) (the “Company”) today announced that it plans to redeem all of its outstanding shares of its 6.75% Series B Cumulative Term Preferred Stock due 2021 (the “Series B Term Preferred Stock”) and its 6.50% Series C Cumulative Term Preferred Stock due 2023 … Continue reading “Gladstone Investment Announces Intent to Redeem All Outstanding Shares of Existing Series B Term Preferred Stock and Series C Term Preferred Stock”

1347 Property Insurance Holdings, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

TAMPA, Fla.–(BUSINESS WIRE)–1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the “Company”), a property and casualty insurance holding company offering specialty insurance to customers in Louisiana, Texas and Florida through its wholly-owned subsidiary, Maison Insurance Company (“Maison”), announced today that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the … Continue reading “1347 Property Insurance Holdings, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A”

OFG Bancorp Announces Mandatory Conversion of 8.750% Series C Convertible Preferred Stock

SAN JUAN, Puerto Rico–(BUSINESS WIRE)–OFG Bancorp (NYSE:OFG) today announced it has elected to effect the conversion of all of its outstanding 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”) into OFG Bancorp common stock (the “Common Stock”) pursuant to the terms of the Series C Preferred Stock. On August 14, … Continue reading “OFG Bancorp Announces Mandatory Conversion of 8.750% Series C Convertible Preferred Stock”

Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend and Grants an Inducement Award to New CEO

AUSTIN, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) is announcing that it will forgo payment of its previously declared contingent dividend on its 8% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). Also, per NYSE Rule 303A.08, Jones Energy is announcing the grant of … Continue reading “Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend and Grants an Inducement Award to New CEO”

Gladstone Investment Corporation Launches New Series E Term Preferred Stock Offering

MCLEAN, Va., Aug. 14, 2018 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ: GAIN) (the “Company”) today announced that it plans to sell shares of its newly designated Series E Cumulative Term Preferred Stock due 2025 (the “Series E Term Preferred Stock”) in an underwritten public offering. The aggregate public offering price, dividend yield and other … Continue reading “Gladstone Investment Corporation Launches New Series E Term Preferred Stock Offering”

MTBC Declares Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock

SOMERSET, N.J., Aug. 13, 2018 (GLOBE NEWSWIRE) — MTBC (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, today announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) for September, October and November 2018. … Continue reading “MTBC Declares Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock”

Impac Mortgage Holdings, Inc. Sets September 13, 2018 as Date of Special Meeting of Series B Preferred Stockholders

IRVINE, Calif., Aug. 10, 2018 (GLOBE NEWSWIRE) — Impac Mortgage Holdings, Inc. (the “Company”) today announced the date of a Special Meeting of the Company’s 9.375% Series B Cumulative Redeemable Preferred Shares (“Series B Preferred Shares”).  The Special Meeting will be held on Thursday, September 13, 2018, at 9:00 a.m. local time, at the Renaissance … Continue reading “Impac Mortgage Holdings, Inc. Sets September 13, 2018 as Date of Special Meeting of Series B Preferred Stockholders”

Bank of America Announces Dividend Correction on Floating Rate Non-Cumulative Preferred Stock, Series 1

CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America Corporation today announced a corrected dividend amount on the Floating Rate Non-Cumulative Preferred Stock, Series 1, originally announced on July 5, 2018. The regular quarterly cash dividend is $0.1918363 per depositary share and is payable on August 28, 2018 to shareholders of record as of August 15, 2018. Bank of … Continue reading “Bank of America Announces Dividend Correction on Floating Rate Non-Cumulative Preferred Stock, Series 1”

Anworth Announces Preferred Stock Dividends

SANTA MONICA, Calif.–(BUSINESS WIRE)–Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that in accordance with the terms of Anworth’s 8.625% Series A Cumulative Preferred Stock (“Series A Preferred Stock”), the board of directors (the “Board”) declared a Series A Preferred Stock dividend of $0.539063 per share for the third quarter of 2018. The Series A … Continue reading “Anworth Announces Preferred Stock Dividends”

CAI International, Inc. Announces Pricing of Public Offering of Series B Preferred Stock

SAN FRANCISCO–(BUSINESS WIRE)–CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI) today announced the pricing of its underwritten public offering of 1,700,000 shares of its newly created 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) at a public offering price of $25.00 per share. Dividends on the Series … Continue reading “CAI International, Inc. Announces Pricing of Public Offering of Series B Preferred Stock”

National General Holdings Corp. Announces Dividends on Common and Preferred Stock

NEW YORK, Aug. 06, 2018 (GLOBE NEWSWIRE) — National General Holdings Corp. (NASDAQ:NGHC) today announced that its Board of Directors approved quarterly dividends on the company’s common and preferred stock as follows: A cash dividend on the company’s common stock of $0.04 per share. A cash dividend on the company’s 7.50% Non-Cumulative Preferred Stock, Series … Continue reading “National General Holdings Corp. Announces Dividends on Common and Preferred Stock”

CAI International, Inc. Announces Public Offering of Series B Preferred Stock

SAN FRANCISCO–(BUSINESS WIRE)–CAI International, Inc. (“CAI” or the “Company”) (NYSE:CAI) today announced that it intends to offer and sell shares of its newly created Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) in an underwritten public offering, subject to market and other conditions. In addition, CAI intends to grant … Continue reading “CAI International, Inc. Announces Public Offering of Series B Preferred Stock”

Drive Shack Inc. Announces Second Quarter 2018 Results and Declares Third Quarter 2018 Preferred Stock Dividends

NEW YORK–(BUSINESS WIRE)–Drive Shack Inc. (NYSE:DS; the “Company”) today reported the following information for the second quarter ended June 30, 2018. BUSINESS HIGHLIGHTS Drive Shack – The Company opened its first venue in Orlando, Florida, in April 2018. The Company has announced five additional venues to date, which are in various stages of development, and … Continue reading “Drive Shack Inc. Announces Second Quarter 2018 Results and Declares Third Quarter 2018 Preferred Stock Dividends”

Fortive Declares Regular Quarterly Dividend on its Common Stock and Initial Quarterly Dividend on its Preferred Stock

EVERETT, Wash.–(BUSINESS WIRE)–Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share of its common stock, par value $0.01 per share, payable on September 28, 2018 to common stockholders of record on August 31, 2018. In addition, Fortive announced today that its Board … Continue reading “Fortive Declares Regular Quarterly Dividend on its Common Stock and Initial Quarterly Dividend on its Preferred Stock”

First Western Financial, Inc. Redeems Preferred Stock and Subordinated Notes due 2020

DENVER, Aug. 02, 2018 (GLOBE NEWSWIRE) — First Western Financial, Inc. (NASDAQ: MYFW), a financial holding company headquartered in Denver, Colorado (“First Western”), announced today that effective July 26, 2018 it has redeemed at par value all of its outstanding shares of preferred stock, which consisted of 8,559 shares of Series A preferred stock, 428 … Continue reading “First Western Financial, Inc. Redeems Preferred Stock and Subordinated Notes due 2020”

Pitney Bowes Declares Common, Preference and Preferred Stock Dividends

STAMFORD, Conn.–(BUSINESS WIRE)–Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and data, today announced that its Board of Directors has declared a quarterly cash dividend on the Company’s common stock of $0.1875 per share. The dividend will be paid on September 11, 2018, to … Continue reading “Pitney Bowes Declares Common, Preference and Preferred Stock Dividends”