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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.
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