I have been enjoying having a little more time to look at individual stocks and securities lately. Writing about them helps me think a little bit clearer, and go into more detail. Here is another article I wrote for Seeking Alpha on a couple of preferred shares from DowDuPont (Ticker: DWDP) that are unique:
For this article I’m looking at two series of DuPont (now merged as DowDupont) (DWDP) preferreds that still trade and were unaffected by the recent merger between Dow and DuPont:
A-Series Preferreds “$3.50 Series”
- Current Price: $92.67
- Current Dividend: $3.50 per year, or $0.875 paid quarterly.
- Current Yield: 3.73%
- Callable at: $102
- Discount to Call Price: 10%
B-Series Preferreds “$4.50 Series”
- Current Price: $106.23
- Current Dividend: $4.50 per year, $1.125 paid quarterly.
- Current Yield: 4.24%
- Callable at: $120
- Discount to Call Price: 13%
Both issues are elligable to be called at any date.
Why Now? – The Catalyst
You can see the rest of the article on Seeking Alpha, here: https://seekingalpha.com/article/4133668-2-dowdupont-preferreds-offer-upside-potential-decent-yield
Want to learn more? Here are a few of our previous articles as a couple places to start: