Weekly Price Changes Sept 1-7, 2017
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The focus this week is on preferred share price trends and volumes, and updated earnings reports.
Preferred shares are split into two main groups as a result of the Global Financial Crisis. This makes them suitable for periods when the outlook for central bank monetary policy direction is uncertain. The issues where the dividend is tied to the five year bond yields do not have the same amounts of rate increases or call dates and neither to the issues paying a fixed dividend rate. Price and volume data for the top gainers and losers when split out by variable versus fixed rate provides, price changes and trading volume provide clear clues for which issues are of greatest interest to investors. Preferred shares provide good income with reasonably low risk when care is taken selecting the better credit quality issues.
Earnings updates include AltaGas Ltd. (ALA, ALA.PR. A,B,E,G,I,K,U), Kinder Morgan Inc. (KMI-NYSE), Kinder Morgan Canada (KML, KML.PR.A), Whitecap Resources Ltd (WCP) and A&W Revenue Royalties Income Fund (AW.UN) as well as data for preferred shares trading volumes, price changes to date for the month of Oct-2017.
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