$ONTRAK INC 9.50% CUM PERP PDF STK SERIES A (OTRKP.US)$ it'...
$ONTRAK INC 9.50% CUM PERP PDF STK SERIES A(OTRKP.US$ it's unbelievable how low this has gone down.....I'm so excited for the day they say exdividend 😂 I'm going to get one hella come up $Ontrak(OTRK.US$ you folks in the common stock I hope you have been taking advantage of these ridiculous value preferred shares
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sensible Dinosaur_90 : oh I have been. buying another 100 Thursday.
I_GoogleOP sensible Dinosaur_90:
sensible Dinosaur_90 I_GoogleOP: question though. I know the next dividend after the funds unfreeze will be much lower than normal historically speaking but how much lower do you think it will be?
I_GoogleOP sensible Dinosaur_90: absolutely not the dividends are fixed always to be 9.5% at par value $25 it's never going to be less than $2.375 annually that's why the rate increases as the stock depresses... because it's locked at a specific rate
I_GoogleOP sensible Dinosaur_90: take some time to familiarize yourself with this particular type of security also look at the prospectus that went along with it there are some details that will help you see the light here.... I am dropping the link to the SS posted as well
https://www.investopedia.com/terms/c/cumulative_preferred_stock.asp#:~:text=What%20Is%20Cumulative%20Preferred%20Stock,to%20cumulative%20preferred%20shareholders%20first.
sensible Dinosaur_90 I_GoogleOP: very much appreciated, I misinterpreted what I read the first time around.
I_GoogleOP sensible Dinosaur_90: yeah the different types of securities can sometimes cause headaches
are you also trading on webull platform?
sensible Dinosaur_90 I_GoogleOP: I am not. I decided on this one for a lot of reasons and one of them is the learning platform. unfortunately just don't have as much time to read as I would have hoped. working on it though haha