Preferred Stock Tips and Topics

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Garza another one to keep watch of to see if they are going to pay their dividends is MPG their stock is higher than their preferreds preferedd MPG-A is $1.52 would pay $1.60 a year IF they paid it? IT is a REIT to manintain that status it must pay the profits in dividend or this year dividends in stock and or cash to it common stock. If they do that they will have to pay their preferreds.Check out their finanicals Chech out letter to share holders 10/2008 march 2 2009 release financials. If I rember right I found this one buy letting Closed End fund NRO do the resurerce They said that all their stock in OCT. were going to make it through the hard times. They pay a good dividends but watch out they are leverage they can't go over a 2 to 1 leverage or they have to sell some of their holdings witch will make them less valuable went from paying $0.15 to $00.038 a mo in Jan. and still pay over 30% now. If REITS go higher the stock and their preferreds you are safe in NRO.