Preferred Stocks to Buy: DuPont Fabros Technology Series B
Now let’s look at another REIT with attractive preferred shares.
DuPont Fabros Technology (DFT) involves real estate devoted to data center facilities. The human race has so much data to store and move around that substantial real estate is required for storage, so it’s a storage REIT of a different kind, I suppose.
Also, DuPont Fabros is not a cash cow, but it definitely holds it own. In fact, the common stock pays a 5.8% dividend.
But the real dividends come from the 7.625% Series B Preferred shares, which trade just above par.
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As of this writing, Lawrence Meyers held shares of AHT, BAC, and AHT Preferred D. He is president of PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at email@example.com and follow his tweets @ichabodscranium.