Freddie Mac, 6.42% Non-Cumulative Perpetual Preferred Stock (FMCCS)

[radiumsoup]

Still the best return for Freddie prefs in the event of a dividend restart based on current interest rates, and it ain't too shabby in the event of a redemption:

At 1.05, with a $3.21 yearly dividend that's a 306% YEARLY return. It's also a 4,762% return (that's 47.6x, or a "46-bagger" for you particular with your parlance) in the event of a redemption at $50 face value. Only FMCCN, FMCCL, and FMCCI do slightly better (up to 5,500%) at redemption at today's prices, but they mostly have no dividend to speak of.