Several REIT preferred issues have converted from fixed to floating interest rates, paying dividends at 3-month LIBOR plus 350 to 600 basis points. The share price performance of these issues upon ...
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Besides fixed-rate and floating-rate preferred stocks, there is a hybrid version, such as the Bank of America Corporation PFD DP1/1200 4 (BML.PR.J), whose coupon floats but also has a minimum fixed ...
1 Day BML.PRH 0.49% DJIA -0.02% Russell 2K 1.31% Financial Services 0.06% Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect ...