Preferred shares are an income investor’s best friend when it comes to hybrid securities, which sit above common equity in the capital structure. When a preferred share is trading above its call price ...

Cisco stock is appealing to value- and income-focused investors. A covered call trade can sharply increase its yield.

PFFA has recently performed very well, despite the interest rate cuts and its exposure to floating preferreds (including negative yield-to-call risk). The yield has dropped to 9%, which raises the ...

Yield equivalence is a concept in financial analysis that facilitates the comparison of yields between different types of debt securities, even if they have varying payment frequencies or structures.