Opinions The Panic-Proof Portfolio (Stockchase Research)
BMO 5yr+2.68% Reset PreferredBMO.PR.E.TOTOP PICKJun 27, 2023
N/A
Stock price when the opinion was issued
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Stockchase Research Editor: Michael O'Reilly
We reiterate this preferred share, BMO.PR.E, as a TOP PICK. The dividend will reset this November at the BofC 5 year bond yield rate + 2.68% -- whick would reset at 6.18%. It has an attractive current yield and a very high credit rating (Pfd-2H). We recommend setting a stop-loss at $18, looking to achieve $25 -- upside potential of 15%. Yield 5.5%
banks
This preferred share from BMO will have its dividend reset this November at the BofC 5 year bond yield rate + 2.68% -- would reset at 6.18%. It has an attractive current yield and a very high credit rating (Pfd-2H). We recommend setting a stop-loss at $18, looking to achieve $25 -- upside potential of 15%. Yield 5.5%
(Analysts’ price target is $25.00)