Q: I asked about the pros and cons of this investment and it caused an error message.
I'm 68 and have little fixed income.
In an effort to be more clear this is a preferred and pays about 8%.
I'm adding a paragraph from a Baron's article hoping to clear up any confusion.
Newly issued preferred stock from Qurate Retail, the top home-shopping business controlled by media mogul John Malone, offers investors a lofty yield of more than 8%.
The preferred (ticker: QRTEP) has an 8% annual dividend and a maturity in 2031, and it finished Friday at $94.12, up $2.37. The preferred trades at a discount to its face value of $100. This results in a current yield of around 8.5% and a yield to maturity of about 8.75%.
I'm 68 and have little fixed income.
In an effort to be more clear this is a preferred and pays about 8%.
I'm adding a paragraph from a Baron's article hoping to clear up any confusion.
Newly issued preferred stock from Qurate Retail, the top home-shopping business controlled by media mogul John Malone, offers investors a lofty yield of more than 8%.
The preferred (ticker: QRTEP) has an 8% annual dividend and a maturity in 2031, and it finished Friday at $94.12, up $2.37. The preferred trades at a discount to its face value of $100. This results in a current yield of around 8.5% and a yield to maturity of about 8.75%.