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Income Investing and Beyond
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Re: Buy today - GEI do not own GE common stock, but the GE Preferred Series - GER, GEG. They have been steady payers, but recently have been dragged down by interest rate and call redemption fears, and now trading around par ($25) plus one dividend. This means that once a dividend is paid, your effective cost basis is below par, and are assured of a CG if, or whenever, it is called. If it remains uncalled, you enjoy a 6 % yield.
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| Msg # | Subject | Author | Recs | Date Posted |
| 892 | Re: Buy today - GE | mlcwa | 4/14/2012 1:36:24 PM | |
