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
- 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.
- Yields on these preferreds will be among the lowest.
- 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.
- 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.
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.