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Maiden Holdings LTD, a 30 year old reinsurance company, has sold a new issue of preferred stock with a coupon of 6.70%.  The company will use the proceeds to call their 8% baby bonds (NYSE:MHNB) which became callable on 3/27/2017. Once again income investors lose a fairly solid high yield issue. The new issue is an offering of 6,000,000 shares…

Date Issued  6/8/2017 Shares Issued   6,000,000   Overallotment Shares  0 Security Ticker Symbol   MH-D   OTC Grey Market Ticker   MDNHF Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2017 Quarterly Dividend   .419  Annual Dividend   1.675 Securities may be redeemed, at the issuers option, as early as 6/15/2022 for a redemption price of…

While retail might look like a terrible sector for investing right now, two specialty retailers might be worth considering for rising dividend income that grew at double-digit rates for more than a decade. One of the stocks performed very well over the past year and returned a 50% share price increase. While the other company’s share price lost a little…

Two Canadian companies, a leading media content company and a connectivity provider, offer 4%-plus dividend yields and more than a decade of rising dividends at average growth rates exceeding 30% per year. Both companies distribute their dividends monthly and one of the companies produced 13% asset appreciation over the past 12 months. The two companies recently reinforced their mutual commitment…

There has been lots of action in the new issue market in the last week, which means there are too many older, high yield issues being called out of circulation. Shopping mall real estate investment trust DDR Corporation (NYSE:DDR) has sold a 6.375% cumulative preferred stock.  This new issue will be used for general corporate purposes and thus not used…