InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,550.62
(
0.76%
)
US TECH 100
19,753.60
(
0.57%
)
Dow Jones
39,315.27
(
0.02%
)
Brent Oil
87.61
(
0.31%
)
Bitcoin
56,244.97
(
-1.29%
)
Post# of 110738
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

santafe2

Send PM Follow Ignore
Followers 23
Posts 13245
Boards Moderated 0
Alias Born 07/10/2003

santafe2

Member Level

Re: gfp927z post# 106675

Monday, 07/10/2023 1:46:10 PM

Monday, July 10, 2023 1:46:10 PM

Post# of 110738
Most preferred stock dividends are categorized as long term capital gains. This according to Investopedia. I'm still sorting this out and Schwab hasn't been much help. This is the first time I've bought preferred shares outside a tax deferred account so some of the rules are new to me. I will be holding all of these shares for a minimum of 12 months so gains will also be taxed as capital gains and not regular income.

My average dividend across 12 preferred stocks is 5.5%.

Rule #1, Don't lose money. Rule #2, read rule #1. - WB.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up