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4 Preferred Stocks With Eye-Popping Yields

These stock-bond hybrids are go-to stocks for yield hunters

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Preferred stocks — one of my favorite sources of high yield — were really discovered en masse by investors just a few years ago.

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It’s hard to say what it was. Maybe people didn’t really understand preferred stocks’ nature as “stock-bond hybrids,” which makes them feel exotic, and maybe now they realize that they aren’t all that complex.

Or, maybe people just finally caught wise to the fact that preferred stocks offer really great dividends that are given preference over common dividends if a cash crunch should hit a company.

It’s usually not a good idea to chase yield, but when it comes to preferred stocks, there are times that it isn’t a terrible idea when the payouts are so darn attractive. Here are a few preferred shares to consider:

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