The Panic-Proof Portfolio (Stockchase Research) RY 5yr+2.26% Reset Preferred RY.PR.H-T TOP PICK Oct 10, 2023

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% 

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%

Our PAST TOP PICK with RY.PR.H has achieved its target at $25.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $14) to $18.  

Our PAST TOP PICK with RY.PR.H has achieved its target at $25.  To remain disciplined, we recommend covering half the position at this time.  

Our PAST TOP PICK with RY.PR.H has achieved its objective at $25 and has been redeemed by the provider and will therefore close out this position.