Hey prof, if you think WAMPQ is worthless without a dividend then you need to stop investing right now. A good preferred share does not need to have a high pps and doesn't need to be heavily traded to be worth a lot.
Also, WAMKQ pays out a ridiculously good dividend for its pps, and yes, the divis currently accruing are not only payable, but will be paid.
You really need to do some research on preferred stock, notes, and receipts , and do us all a favor and leave the Washington Mutual boards.
Class dismissed.