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Preferred stock is a type of shares that pays a regular interest income. It has generally a fixed dividend that must be paid to the common shareholders. The shares of preferred stock do not have the voting rights. Their fixed dividend makes it similar to bonds that generally pay a set of amount of interest. Generally the yield of preferred is more than a company’s common stock and the dividends are also qualified in some of the preferred stocks. There are many preferred stocks; here I am sharing top five preferred stocks for 2013. Ashford Hospitality Trust (NYSE: AHT) – Ashford Hospitality Trust, Inc. is a real estate investment trust that focuses in the hospitality industry. This company is divided in two segments: direct hotel investment and hotel financing. The company has its own lodging investment and also conducts the business through Ashford Hospitality Limited. This was only the hotel stock that did not cut its preferred dividend during the financial crisis. Its currently market capitalization is 800.76m. The company pays the dividend on the quarterly basis. Its annual payout is 0.44 and dividend yield is of 3.80% Bank of America (NYSE: BAC) – Bank of America is the second largest bank holding company. It is an American multinational and financial services corporation. This is also a financial institution that is serving the individual consumers, small and middle class market business with the range of investing, asset, and banking and other financial management’s products and services. This bank has zillion series of preferred share. The company has announced the closing sale of international wealth management business outside the United States to Julius Baer Group, in February 2013. The company pays dividends on the quarterly basis. The annual payout is currently 0.04 and the dividend yield is 0.35%. JPMorgan Chase (NYSE: JPM) – JPMorgan Chase & Co. is a global financial holding company and banking institution in the United States with global operations. The company operates in the field of investment banking; financial services for consumers and small business, financial transaction processing, commercial banking, asset management and private equity. The company is one of the oldest financial institutions based in United States. It is a leading company with the assets of $2.3 trillion and has branches in more than 60 countries with more than 240,000 employees. This is also a quarterly basis company. The annual payout is 1.20. The company has declared the yield of 2.45%. Public Storage (NYSE: PSA) – Public Storage is a real estate investment trust. This is one of the largest self-storage companies in United States. This company has included the business activities like acquisition, ownership, development and operation of self-storage facilities that offer storage spaces for lease generally on a monthly basis for business and personal uses. The company is also having the interest in commercial facilities. Public Storage Company has announced the 6.5% solid preferred Q series. The company also owns a 41% common equity interest in PS Business Parks, Inc. (NYSE:PSB) that are operating in almost 21.8 million square feet of commercial space. The annual payout is 5.00. This is a quarterly dividend paying company and the dividend yield is currently 3.29%. Digital Realty Trust (NYSE: DLR) – This is publicly traded Real Estate Investment Trust, that is listed on the New York Stock Exchange. The company works in acquisition, developing, redevelopment, ownership and technology related real estate operations. This company’s stocks are a component of Dow jones industrial average. The company is the fast growing real estate investment in the technology arena. Digital Realty Trust series E preferred yield is 7%. Its annual payout is 3.12 and dividend yield is 4.61%. For more information related to Preferred stock quotes , Canadian preferred Stocks you can visit the site: http://www.preferred-stock.com/
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