Safest Preferred Stocks to Buy Today

What are the Safest Preferred Stocks to Buy Today. This is a listing of the Safest Preferred Stocks offered by Canadian companies today in the market. All types of preferred’s are included (perpetual, fixed, floating) in one table.We present the information in an easy, to view and understand format. As a result you can pick the right share to purchase or sell.

Written By Canadian Preferreds

On April 24, 2020
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Is it possible to select a preferred with very little to no risk? Can you do this with minimal homework? Yes you can. Which are the Safest Preferred Stocks to Buy Today in the Canadian market? What metrics can you use to make a quick decision with minimal risk?

It is actually quite easy to pick the Safest preferred shares. In this article I will explain my selection process and provide you with an up to date list of preferreds shares available in the market.   This list is updated on a regular basis.  Consequently, new issues appear and redeemed issues are removed. All types of preferred’s are included (perpetual, fixed, floating) in one table.  We have included all qualifying companies from all sectors.  Information is presented in an easy, to view and understand format. As a result you can pick the right share to purchase. 

How to Locate The Safest Preferred Stock To Buy Today

All large investment grade companies get rated by Credit Rating Companies. These Agencies apply a uniform methodology when rating the companies. All we have to do is find the credit rating assigned to a company by the rating agencies. A credit rating of PFD-2H  or higher is given to the safest preferreds in the Canadian market.  The list of preferreds on the table below are based on this rating.

Some additional factors to consider include

  1. Credit ratings reflect the state of the company being rated at the time the rating was assigned. You should still do some investigation to ensure the credit rating is not under review.
  2. Yields on these preferreds will be among the lowest.
  3. Since multiple issues appear on the list you will need to narrow them down to the ones that fit your personal requirements. Our website provides you with multiple resources to analyze each of the companies. Once you have selected the right company you can compare it to similar companies in the same sector making sure you still want to proceed with the selected company. 
  4. After selecting the company you need to pick which of the issues you want to go with. This can be easily achieved since we provide you with a compare page where all issues of a particular company can be easily compared. Using the available metrics on this page you can select the issue that best fits your future view of the market.

List of Safest Preferred Stocks to Buy Today

If you are looking for a way to evaluate the highest credit rated preferreds in the market today,  go to Compare Preferred Shares With Credit Rating Pfd-2H. The metrics provided in the tool make it easier to narrow your selection.

Here is the list of all the safest preferred shares to buy today in the Canadian stock market.

Last Updated: Market Data Jun-01 18:24, Model Metrics Jun-01 18:44
SymbolCredit RatingFixed Rate BaseDividend AmountIssue Name
IAF-I Pfd2H5YR + 2.75%$0.3000Industrial Alliance Insurance and Financial 4.80%, Series I
PWF-T Pfd2H5YR + 2.37%$0.26Power Financial Corp. 4.20%, Series T
BMO-E BMO.PR.E 06368B207 Pfd2H5YR + 2.68%$0.30Bank of Montreal 4.85%, Series 44 - NVC
RY-S Pfd2H5YR + 2.38%$0.30Royal Bank of Canada 4.80%, Series BO - NVCC
BNS-I BNS.PR.I 06415E303 Pfd2H5YR + 2.43%$0.30Bank of Nova Scotia 4.85%, Series 40 - NVCCBNS
BMO-S BMO.PR.S 063679401 Pfd2H5YR + 2.33%$0.24Bank of Montreal 4.00%, Series 27 - NVCCBMO
BMO-W BMO.PR.W 063679880 Pfd2H5YR + 2.22%$0.24Bank of Montreal 3.80%, Series 31 - NVC
BMO-T BMO.PR.T 063679609 Pfd2H5YR + 2.24%$0.23Bank of Montreal 3.90%, Series 29 - NVC
BMO-Y BMO.PR.Y 06367X200 Pfd2H5YR + 2.71%$0.24Bank of Montreal 3.80%, Series 33
BMO-D BMO.PR.D 06367X887 Pfd2H5YR + 3.17%$0.28Bank of Montreal 4.40%, Series 42
RY-Z Pfd2H5YR + 2.21%$0.23Royal Bank of Canada 4.00%, Series AZ - NVCC
IAF-G Pfd2H5YR + 2.85%$0.2350Industrial Alliance Insurance and Financial 3.777%, Series G
BMO-F BMO.PR.F 06368B108 Pfd2H5YR + 3.51%$0.32Bank of Montreal 5.10%, Series 46 - NVCCBMO
RY-H Pfd2H5YR + 2.26%$0.23Royal Bank of Canada 3.90%, Series BB - NVCC
BMO-C BMO.PR.C 06368A209 Pfd2H5YR + 3.33%$0.28Bank of Montreal 4.50%, Series 40
PWF-I Pfd2HPERPETUAL @ 6.00%$0.38Power Financial Corp. 6.00%, Series I
PWF-G Pfd2HPERPETUAL @ 5.90%$0.37Power Financial Corp. 5.90%, Series F
PWF-P Pfd2H5YR + 1.60%$0.15Power Financial Corp. 2.306%, Series P
PWF-H Pfd2HPERPETUAL @ 5.75%$0.36Power Financial Corp. 5.75%, Series H
RY-M Pfd2H5YR + 2.62%$0.23Royal Bank of Canada 3.60%, Series BF - NVCC
PWF-O Pfd2HPERPETUAL @ 5.80%$0.36Power Financial Corp. 5.80%, Series O
GWO-M Pfd2HPERPETUAL @ 5.80%$0.36Great-West Lifeco Inc. 5.80%, Series M
PWF-E Pfd2HPERPETUAL @ 5.50%$0.35Power Financial Corp. 5.50%, Series D
PWF-F Pfd2HPERPETUAL @ 5.25%$0.33Power Financial Corp. 5.25%, Series E
GWO-F Pfd2HPERPETUAL @ 5.90%$0.37Great-West Lifeco Inc. 5.90%, Series F
GWO-L Pfd2HPERPETUAL @ 5.65%$0.35Great-West Lifeco Inc. 5.65%, Series L
PWF-L Pfd2HPERPETUAL @ 5.10%$0.32Power Financial Corp. 5.10%, Series L
PWF-Z Pfd2HPERPETUAL @ 5.15%$0.32Power Financial Corp. 5.15%, Series V
PWF-R Pfd2HPERPETUAL @ 5.50%$0.35Power Financial Corp. 5.50%, Series R
PWF-K Pfd2HPERPETUAL @ 4.95%$0.31Power Financial Corp. 4.95%, Series K
GWO-S Pfd2HPERPETUAL @ 5.15%$0.33Great-West Lifeco Inc. 5.25%, Series S
GWO-G Pfd2HPERPETUAL @ 5.20%$0.33Great-West Lifeco Inc. 5.20%, Series G
BNS-E BNS.PR.E 064149552 Pfd2H5YR + 4.51%$0.35Bank of Nova Scotia 5.50%, Series 34 - NVCCBNS
GWO-T Pfd2HPERPETUAL @ 5.15%$0.32Great-West Lifeco Inc. 5.15%, Series T
GWO-I Pfd2HPERPETUAL @ 4.50%$0.28Great-West Lifeco Inc. 4.50%, Series I
GWO-N Pfd2H5YR + 1.30%$0.14Great-West Lifeco Inc. 2.176%, Series N
GWO-P Pfd2HPERPETUAL @ 5.40%$0.34Great-West Lifeco Inc. 5.40%, Series P
GWO-H Pfd2HPERPETUAL @ 4.85%$0.30Great-West Lifeco Inc. 4.85%, Series H
GWO-Q Pfd2HPERPETUAL @ 5.15%$0.32Great-West Lifeco Inc. 5.15%, Series Q
GWO-R Pfd2HPERPETUAL @ 5.15%$0.30Great-West Lifeco Inc. 4.80%, Series R
PWF-S Pfd2HPERPETUAL @ 4.80%$0.30Power Financial Corp. 4.80%, Series S
RY-J Pfd2H5YR + 2.74%$0.23Royal Bank of Canada 3.60%, Series BD - NVCC
RY-Q Pfd2H5YR + 4.53%$0.35Royal Bank of Canada 5.50%, Series BK - NVCC
IAF-B Pfd2HPERPETUAL @ 4.60%$0.2875Industrial Alliance Insurance & Financial 4.60%, Series B
BNS-G BNS.PR.G 064151202 Pfd2H5YR + 4.72%$0.35Bank of Nova Scotia 5.50%, Series 36 - NVC
RY-R Pfd2H5YR + 4.80%$0.35Royal Bank of Canada 5.50%, Series BM - NVCC
CU-C Pfd2H5YR + 2.40%$0.21Canadian Utilities Ltd. 3.40%, Series Y
BMO-B BMO.PR.B 06367X705 Pfd2H5YR + 4.06%$0.30Bank of Montreal 4.85%, Series 38
CIU-A Pfd2HPERPETUAL @ 4.60%$0.29CU Inc 4.6% Series 1
CIU-C Pfd2H5YR + 1.36%$0.14CU INC 2.24% 5YR RT RES CUM RED PFD SER 4 CASH DIV ON 400 SHS
CU-D Pfd2HPERPETUAL @ 4.90%$0.31Canadian Utilities Ltd. 4.90%, Series AA
CU-E Pfd2HPERPETUAL @ 4.90%$0.31Canadian Utilities Ltd. 4.90%, Series BB
CU-H Pfd2HPERPETUAL @ 5.25%$0.33Canadian Utilities Ltd. 5.25%, Series EE
BMO-Z BMO.PR.Z 06367X408 Pfd2HPERPETUAL @ 5.00%$0.31Bank of Montreal 5.00%, Series 35 - NVCC
BNS-H BNS.PR.H 064151111 Pfd2H5YR + 4.19%$0.30Bank of Nova Scotia 4.85%, Series 38 - NVC
CU-F Pfd2HPERPETUAL @ 4.50%$0.28Canadian Utilities Ltd. 4.50%, Series CC
CU-G Pfd2HPERPETUAL @ 4.50%$0.28Canadian Utilities Ltd. 4.50%, Series DD
RY-N Pfd2HPERPETUAL @ 4.90%$0.31Royal Bank of Canada 4.90%, Series BH - NVC
RY-O Pfd2HPERPETUAL @ 4.90%$0.31Royal Bank of Canada 4.90%, Series BI - NVC
RY-P Pfd2HPERPETUAL @ 5.25%$0.33Royal Bank of Canada 5.25%, Series BJ - NVC
RY-W Pfd2HPERPETUAL @ 4.90%$0.31Royal Bank of Canada 4.90%, Series
PWF-A Pfd2HFLOATING PRIME 70% @ 1.72%$0.11Power Financial Corp. Series A
EIT-B Pfd2HRETRACTABLE + 4.80%$0.3000Canoe EIT Income Fund 4.80%, Series 2
EIT-A Pfd2HRETRACTABLE + 4.80%$0.3000Canoe EIT Income Fund 4.80%, Series 1
PWF-Q Pfd2H3MTH + 1.60%$0.11Power Financial Corp. Series Q
CU-I Pfd2H5YR MIN 4.5% + 3.69%$0.28Canadian Utilities Ltd. 4.50%, Series FF
RY-C Pfd2HPERPETUAL @ 4.60%$0.31Royal Bank of Canada 4.60%, Series AC
RY-E Pfd2HPERPETUAL @ 4.50%$0.31Royal Bank of Canada 4.50%, Series AE
RY-G Pfd2HPERPETUAL @ 4.50%$0.31Royal Bank of Canada 4.50%, Series AG
RY-A Pfd2HPERPETUAL @ 4.45%$0.31Royal Bank of Canada 4.45%, Series AA
RY-F Pfd2HPERPETUAL @ 4.45%$0.31Royal Bank of Canada 4.45%, Series AF
GWO-O Pfd2H3MTH + 1.30%$0.19Great-West Lifeco Inc. 2.176%, Series N
BNS-Z BNS.PR.Z 064149610 Pfd2H5YR + 1.34%$0.13Bank of Nova Scotia 2.063%, Series 32BNS
BMO-Q BMO.PR.Q 063679203 Pfd2H5YR + 1.15%$0.11Bank of Montreal 3.90%, Series 25
BNS-F BNS.PR.F 064149594 Pfd2H3MTH + 1.34%$0.10Bank of Nova Scotia, Series 33
BMO-A BMO.PR.A 063679302 Pfd2H3MTH + 1.15%$0.17Bank of Montreal, Series 26

Canadian Preferred Shares – Mission

Our mission is to provide the average investor with the knowledge, up to date information, latest trends, data and tools to select the best preferreds to purchase or sell today.

Without tools like the ones we provide here, its simply not possible to make an educated decision, thus keeping most individual investors away. Our tools provide an overall view, of the preferreds market. With a few clicks you can easily locate today’s best preferreds within a sector/category or across the whole market.

Using our homepage as a starting point you can access all of our tools.

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