Opinions
The Panic-Proof Portfolio (Stockchase Research)
RY 5yr+2.26% Reset Preferred
RY.PR.H-T
TOP PICK
Jun 27, 2023
N/A
Stock price when the opinion was issued
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
We reiterate this preferred share, RY.PR.H, as a TOP PICK. Its dividend will reset August 2025 at the prevailing BofC 5 year bond yield rate + 2.26% -- which would yield 5.7%. It has an attractive current yield and a very high credit rating (Pfd-2H). We recommend setting a stop-loss at $14, looking to achieve $25 -- upside potential of 40%. Yield 5.2%
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TOP PICK
Stockchase Research Editor: Michael O’Reilly
We again reiterate this preferred share as a TOP PICK. Its dividend will reset August 2025 at the prevailing BofC 5 year bond yield rate + 2.26% -- which would yield 5.7%. It has an attractive current yield and a very high credit rating (Pfd-2H). We continue to recommend a stop at $14, looking to achieve $25 -- upside potential of 40%. Yield 5.2%
banks
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This preferred share from RY will have its dividend reset August 2025 at the prevailing BofC 5 year bond yield rate + 2.26% -- would reset at 5.7%. It has an attractive current yield and a very high credit rating (Pfd-2H). We recommend setting a stop-loss at $14, looking to achieve $25 -- upside potential of 40%. Yield 5.2%
(Analysts’ price target is $25.00)