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In what has become a continuing parade of companies stepping up and selling fixed-to-floating rate preferreds, energy retailer Spark Energy Inc (NASDAQ:SPKE) has joined with a new offering. The company has sold a 8.75% fixed-to-floating rate preferred issue that has a very lucrative base rate starting in 2022 when the coupon beings to float. Spark Energy Inc. was formed in 1999…

Date Sold      3/8/2017 Shares Issued    1,400,000   Overallotment Shares   210,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol     SPKEP      OTC Grey Market     SKYQP Market Traded ON   NASDAQ Dividend Payment Paid on the 15th of January, April, July and October beginning on 7/15/2017 Quarterly Dividend   .547   Annual Dividend   2.1875 Securities may be redeemed, at…

Three companies in the health care sector are extending their multi-year record of increasing annual dividend payouts and offer dividend yields that are three times higher than the industry’s average. With a combined average dividend yield of around 2.5%, yields of these three stocks are triple the current health care sector average of 0.85%. Additionally, these investments have been raising…

It has been a rather rough ride the last 5-6 market days as investors finally figured out that interest rates will be raised by 1/4% next Wednesday when the FOMC meeting ends.  The hike isn't our big  concern it is what Chair Yellen will say after the rate hike is announced. On February 16th I wrote the article "The Coming…

Two Harbors Investment Corp (NYSE:TWO) becomes the 3rd mREIT in as many weeks to sell a fixed to floating rate preferred issue.  Interestingly all 3 issues have very similar terms. TWO has sold 5,000,000 shares of 8.125% fixed-to-floating rate preferreds with the typical preferred stock terms. Shares are cumulative in respect to dividends,  redeemable at the issuer's option and dividends…