Minimum wage starter job: Learning what you DON”T want to do the rest of your life.
February 12, 2020. AT&T (T) has announced they will be issuing a new series of fixed rate preferred stock. This will trade under the permanent ticker of T-C when it finally hits the big board for trading. The issue will trade on the OTC Grey market prior to the big board. We may buy this but the yield is expected to be on the low side—UNDER 5%…..the common stock pays 5.45% so this preferred is not necessarily a huge bargain.
We will provide the temporary ticker when available. Note that we already hold two ATT Corporate Bonds in the Core Portfolio.
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