By Dr. Carla Pasternak
With interest rates at historic lows, one corner of the income universe that still throws off huge and unusually safe huge yields is preferred shares.
The benchmark S&P U.S. Preferred Stock Index carries a generous yield of 5.96%. That's more than twice the 1.95% yield on the S&P 500 and far richer than the you can get on investment grade bonds in the by the benchmark Bloomberg Barclays U.S. Aggregate Index or the benchmark 10-year Treasury.