BMO 5yr+2.68% Reset Preferred (BMO.PR.E.TO)

Our PAST TOP PICK with BMO.PR.E is progressing well.  To remain disciplined, we recommend trailing up the stop from $23 to $26 at this time.

Our PAST TOP PICK with BMO.PR.E has reached its target at $25.  To remain disciplined, we recommend covering half the position and trailing up the stop to $23 at this time.  

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%

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%