(November Update: With the potential increase in interest rates, do not buy. Sell at breakeven if you own.)
I talked about SPFF last month. SPFF holds preferred shares and pays 7.55%…..nice.
If you do not want to take the time to investigate and buy single issues, the diversification of SPFF is for you.
Just went ex-dividend and now is the time to buy or add to your positions….anyplace around $15.00. It is possible you will see $14.85 and that would be a great buy.