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

Read more

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 2023-Nov-24 17:31, Model Metrics 2023-Nov-27 18:09
SymbolCredit RatingFixed Rate BaseDividend AmountIssue Name
MFC-P MFC.PR.P CA56501R8416 Pfd2H3MTH FLOATING + 1.41%$0.4035Manulife_Financial_Corp_Non-cumulative_Class_1_Shares,_Series_4
PWF-A PWF.PR.A CA73927C2094 Pfd2HFLOATING(70% OF PRIME RATE)$0.3150Power_Financial_Corp.__Series_A
SLF-K SLF.PR.K CA8667968579 Pfd2H3MTH FLOATING + 2.17%$0.4510Sun_Life_Financial,_Series_11QR
MIC-A MIC.PR.A CA786688309 Pfd2HPERPETUAL @ 5.40%$0.3375SAGEN_MI_CANADA_INC._Class_A_Preferred_Shares,_Series_1_
MFC-K MFC.PR.K CA56501R7426 Pfd2H5YR + 2.22%$0.396875Manulife_Financial_Corp._3.8%,_Series_13
BMO-E BMO.PR.E CA06368B2075 Pfd2H5YR + 2.68%$0.4260Bank_of_Montreal_4.85%,_Series_44_-_NVC
MFC-J MFC.PR.J CA56501R7673 Pfd2H5YR + 2.61%$0.3849Manulife_Financial_Corp._4.0%,_Series_11
PWF-H PWF.PR.H CA73927C8604 Pfd2HPERPETUAL @ 5.75%$0.3600Power_Financial_Corp._5.75%,_Series_H
MFC-Q MFC.PR.Q CA56501R6196 Pfd2H5YR + 2.55%$0.3714Manulife_Financial_Corp_Non-cumulative_Rate_Reset_Class_1_Shares_Series_25
MFC-I MFC.PR.I CA56501R7830 Pfd2H5YR + 2.86%$0.3736Manulife_Financial_Corp._4.4%,_Series_9
PWF-R PWF.PR.R CA73927C7531 Pfd2HPERPETUAL @ 5.50%$0.3450Power_Financial_Corp._5.50%,_Series_R
PWF-L PWF.PR.L CA73927C8299 Pfd2HPERPETUAL @ 5.10%$0.3200Power_Financial_Corp._5.10%,_Series_L
PWF-E PWF.PR.E CA73927C8034 Pfd2HPERPETUAL @ 5.50%$0.3450Power_Financial_Corp._5.50%,_Series_D
PWF-K PWF.PR.K CA73927C8372 Pfd2HPERPETUAL @ 4.95%$0.3100Power_Financial_Corp._4.95%,_Series_K
PWF-F PWF.PR.F CA73927C8869 Pfd2HPERPETUAL @ 5.25%$0.3275Power_Financial_Corp._5.25%,_Series_E
PWF-G PWF.PR.G CA73927C8786 Pfd2HPERPETUAL @ 5.90%$0.3700Power_Financial_Corp._5.90%,_Series_F
PWF-O PWF.PR.O CA73927C7879 Pfd2HPERPETUAL @ 5.80%$0.3625Power_Financial_Corp._5.80%,_Series_O
PWF-Z PWF.PR.Z CA73927C7127 Pfd2HPERPETUAL @ 5.15%$0.3225Power_Financial_Corp._5.15%,_Series_V
PWF-S PWF.PR.S CA73927C7465 Pfd2HPERPETUAL @ 4.80%$0.3000Power_Financial_Corp._4.80%,_Series_S
GWO-P GWO.PR.P CA39138C7750 Pfd2HPERPETUAL @ 5.40%$0.3375Great-West_Lifeco_Inc._5.40%,_Series_P
GWO-G GWO.PR.G CA39138C8824 Pfd2HPERPETUAL @ 5.20%$0.3250Great-West_Lifeco_Inc._5.20%,_Series__G
GWO-L GWO.PR.L CA39138C8253 Pfd2HPERPETUAL @ 5.65%$0.3525Great-West_Lifeco_Inc._5.65%,_Series_L
GWO-S GWO.PR.S CA39138C7347 Pfd2HPERPETUAL @ 5.25%$0.3275Great-West_Lifeco_Inc._5.25%,_Series_S
GWO-Q GWO.PR.Q CA39138C7677 Pfd2HPERPETUAL @ 5.15%$0.3225Great-West_Lifeco_Inc._5.15%,_Series_Q
GWO-M GWO.PR.M CA39138C8170 Pfd2HPERPETUAL @ 5.80%$0.3625Great-West_Lifeco_Inc._5.80%,_Series_M
PWF.PF.A PWF.PF.A CA73927C1187 Pfd2HPERPETUAL @ 4.50%$0.28134.50%_Non-Cumulative_First_Preferred_Shares,_Series_23
TD.PF.J CA8911606249 Pfd2H5YR + 2.70%$0.35919Toronto-Dominion_Bank_4.70%,_Series_18_-_NVC
GWO-T GWO.PR.T CA39138C7263 Pfd2HPERPETUAL @ 5.15%$0.3225Great-West_Lifeco_Inc._5.15%,_Series_T
GWO-H GWO.PR.H CA39138C8741 Pfd2HPERPETUAL @ 4.85%$0.3025Great-West_Lifeco_Inc._4.85%,_Series_H
GWO-R GWO.PR.R CA39138C7594 Pfd2HPERPETUAL @ 4.80%$0.3000Great-West_Lifeco_Inc._4.80%,_Series_R
TD.PF.I CA8911606405 Pfd2H5YR + 3.01%$0.39381Toronto-Dominion_Bank_4.50%,_Series_16_-_NVCC
GWO-Y GWO.PR.Y CA39138C6927 Pfd2HPERPETUAL @ 4.50%$0.2813Great-West_Lifeco_Inc._4.5%,_Series_Y
GWO-I GWO.PR.I CA39138C8667 Pfd2HPERPETUAL @ 4.50%$0.2813Great-West_Lifeco_Inc._4.50%,_Series_I
MFC-C MFC.PR.C CA56501R5024 Pfd2HPERPETUAL @ 4.50%$0.2825Manulife_Financial_Corp._4.50%,_Series_3
MFC-B MFC.PR.B CA56501R4035 Pfd2HPERPETUAL @ 4.65%$0.2910Manulife_Financial_Corp_4.65%_Non-cumulative_Class_A_Shares,_Series_2
SLF-E SLF.PR.E CA8667966003 Pfd2HPERPETUAL @ 4.50%$0.2825Sun_Life_Financial_Inc._4.50%,_Series_5
SLF-D SLF.PR.D CA8667965013 Pfd2HPERPETUAL @ 4.45%$0.2775Sun_Life_Financial_Inc._4.45%,_Series_4
SLF-C SLF.PR.C CA8667964024 Pfd2HPERPETUAL @ 4.45%$0.2775Sun_Life_Financial_Inc._4.45%,_Series_3
TD.PF.C CA8911456587 Pfd2H5YR + 2.25%$0.2423Toronto-Dominion_Bank_3.75%,_Series_5_-_NVC
BMO-W BMO.PR.W CA0636798807 Pfd2H5YR + 2.22%$0.2407Bank_of_Montreal_3.80%,_Series_31_-_NVC
TD.PF.L CA8911605746 Pfd2H5YR + 3.27%$0.3250Toronto-Dominion_Bank_5.2%,_Series_22_-_NVcC
BMO-F BMO.PR.F CA06368B1085 Pfd2H5YR + 3.51%$0.3185Bank_of_Montreal_5.10%,_Series_46_-_NVCCBMO
BNS-I BNS.PR.I CA06415E3032 Pfd2H5YR + 2.43%$0.3025Bank_of_Nova_Scotia_4.85%,_Series_40_-_NVCCBNS
TD.PF.M CA8911605415 Pfd2H5YR + 3.56%$0.3188Toronto-Dominion_Bank_5.10%,_Series_24_-_NVC
MFC-M MFC.PR.M CA56501R6923 Pfd2H5YR + 2.36%$0.2375Manulife_Financial_Corp._3.9%,_Series_17
MFC-L MFC.PR.L CA56501R7269 Pfd2H5YR + 2.16%$0.2366Manulife_Financial_Corp._3.8%,_Series_15
MFC-N MFC.PR.N CA56501R6766 Pfd2H5YR + 2.30%$0.2297Manulife_Financial_Corp._3.8%,_Series_19
BMO-S BMO.PR.S CA0636794012 Pfd2H5YR + 2.33%$0.2408Bank_of_Montreal_4.00%,_Series_27_-_
EIT-B EIT.PR.B CA13780R1331 Pfd2HRETRACTABLE + 4.80%$0.3000Canoe_EIT_Income_Fund_4.80%,_Series_2
PWF-T PWF.PR.T CA73927C7382 Pfd2H5YR + 2.37%$0.2625Power_Financial_Corp._4.20%,_Series_T
TD.PF.A CA8911456900 Pfd2H5YR + 2.24%$0.2289Toronto-Dominion_Bank_3.90%,_Series_1_-_NVCC_
BMO-T BMO.PR.T CA0636796090 Pfd2H5YR + 2.24%$0.2265Bank_of_Montreal_3.90%,_Series_29
EIT-A EIT.PR.A CA13780R2081 Pfd2HRETRACTABLE + 4.80%$0.3000Canoe_EIT_Income_Fund_4.80%,_Series_1
TD.PF.B CA8911456744 Pfd2H5YR + 2.27%$0.2301Toronto-Dominion_Bank_3.80%,_Series_3_-_NVC
TD.PF.E CA8911456173 Pfd2H5YR + 2.87%$0.2026Toronto-Dominion_Bank_3.70%,_Series_9_-_NVC
TD.PF.D CA8911456330 Pfd2H5YR + 2.79%$0.2001Toronto-Dominion_Bank_3.60%,_Series_7_-_NVC
SLF-H SLF.PR.H CA8667968652 Pfd2H5YR + 2.17%$0.1854Sun_Life_Financial_Inc._2.842%,_Series_10R
MFC-F MFC.PR.F CA56501R8580 Pfd2H5YR + 1.41%$0.1468Manulife_Financial_Corp_Non-cumulative_Rate_Reset_Class_1_Shares_Series_3
BMO-Y BMO.PR.Y CA06367X2005 Pfd2H5YR + 2.71%$0.1909Bank_of_Montreal_3.80%,_Series_33
PWF-P PWF.PR.P CA73927C7796 Pfd2H5YR + 1.60%$0.1249Power_Financial_Corp._2.306%,_Series_P
GWO-N GWO.PR.N CA39138C7917 Pfd2H5YR + 1.30%$0.1093Great-West_Lifeco_Inc._2.176%,_Series_N
SLF-G SLF.PR.G CA8667968819 Pfd2H5YR + 1.41%$0.1141Sun_Life_Financial_Inc._2.275%,_Series_8R
PWF-Q PWF.PR.Q CA73927C7614 Pfd2H3MTH FLOATING + 1.60%$0.4154Power_Financial_Corp.__Series_Q
SLF-J SLF.PR.J CA8667968736 Pfd2H3MTH FLOATING + 1.41%$0.4035Sun_Life_Financial,_Series_9QR

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.