Screeners
Preferred series and baby bond screener
The exchange-listed hybrids: preferred series that pay a stated dividend and $25 exchange-traded notes that pay contractual interest. Filter by current yield, price against the customary $25 issue price, structure, issuer sector and the basis the yield is computed on.
How to read this: narrow the universe first — structure, sector, size — and only then sort. Sorting on yield alone puts whatever the market has most recently marked down at the top, which is a fact about price rather than about income. Every column here measures the past or the present; none of them is a forecast.
325 securities match the filters currently applied, sorted by yield, annualised (highest first). This is a research screen, not a recommendation and not a ranking of quality. A filter describes what a security is; the sort order is a filter too, not an opinion. A security at the top of a yield sort is the one paying the most relative to its price today, which is as often a market judgement about risk as it is an opportunity.
The database holds 525 securities in this screener's universe, of which 347 are eligible for the screen. Of the rest, 173 are not currently live — a security whose quote has gone stale is marked historical, because a data vendor keeps quoting the last trade that ever happened for something redeemed, matured, delisted or acquired, and annualising a payment against that price invents a yield; 1 have a payment record too irregular for any rate to describe — a one-off distribution dominates the last twelve months, or there are too few payments on record; 4 have no payment history from which to compute an annualised yield.
The two sentences above matter more than any row below them: the first says how many securities matched and in what order they are listed — whichever sort is selected, so the top row is the extreme of that one measure and nothing else — and the second says what was held back and why. In this view the table shows fewer columns: a second yield on a different basis, a ratio, a size are hidden, and the columns that remain carry a line of plain English under the header. Switch to Expert in the bottom-right rail to see all of them. Every figure is a stored observation rather than a live quote, and every one describes the past or the present — none of them is a forecast.
| Save★ | Ticker | Name | StructureWhich of the two this row is. A baby bond is debt, so its payment is contractual interest; a preferred dividend must be declared and ranks behind every lender. | Issuer (parent) | Sector | Price (last stored) | Price vs $25 (%) | Stated coupon (% of $25 par) | Yield (annualised — basis per row)The payment for a year divided by the latest stored price. The Yield basis column says how that yearly payment was established. | Yield basisWhere the yearly payment came from: a fixed contractual coupon, an estimate from the latest regular payment, or the cash actually paid over 12 months. | Yield (trailing 12m, cash paid) | Pays |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAC-PE | Bank of America Corporation | Preferred series | BAC | Financial Services | $18.16 | -27.35% | — | 6.00% | Forward estimate | 6.22% | Quarterly | |
| OPP-PC | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 6.00% Series C Term Preferred Stock | Preferred series | OPP | Financial Services | $10.07 | -59.72% | — | 5.96% | Forward estimate | 5.96% | Quarterly | |
| DUK-PA | Duke Energy Corporation | Preferred series | DUK | Financial Services | $24.16 | -3.36% | — | 5.95% | Forward estimate | 5.95% | Quarterly | |
| KIM-PN | Kimco Realty Corporation | Preferred series | KIM | Financial Services | $61.00 | 144.00% | — | 5.94% | Forward estimate | 5.94% | Quarterly | |
| BML-PL | Bank of America Corporation | Preferred series | BML | Financial Services | $19.04 | -23.84% | — | 5.91% | Forward estimate | 6.14% | Quarterly | |
| MET-PA | MetLife, Inc. | Preferred series | MET | Financial Services | $21.34 | -14.64% | — | 5.85% | Forward estimate | 6.16% | Quarterly | |
| CMS-PB | Consumers Energy Company | Preferred series | CMS | Financial Services | $77.00 | 208.00% | — | 5.84% | Forward estimate | 5.84% | Quarterly | |
| RF-PC | Regions Financial Corporation | Preferred series | RF | Financial Services | $24.56 | -1.76% | — | 5.80% | Forward estimate | 5.80% | Quarterly | |
| BAC-PL | Bank of America Corporation | Preferred series | BAC | Financial Services | $1,289.00 | 5056.00% | — | 5.62% | Forward estimate | 5.62% | Quarterly | |
| VOYA-PB | Voya Financial, Inc. | Preferred series | VOYA | Financial Services | $23.95 | -4.22% | — | 5.59% | Forward estimate | 5.59% | Quarterly | |
| MTB-PH | M&T Bank Corporation | Preferred series | MTB | Financial Services | $25.26 | 1.04% | — | 5.57% | Forward estimate | 5.57% | Quarterly | |
| EPR-PC | EPR Properties | Preferred series | EPR | Financial Services | $26.88 | 7.52% | — | 5.35% | Forward estimate | 5.35% | Quarterly | |
| WRB-PF | W.R. Berkley Corporation 5.10% | Preferred series | WRB | Financial Services | $18.11 | -27.56% | — | 5.28% | Forward estimate | 5.28% | Quarterly | |
| WRB-PG | W.R. Berkley Corporation 4.25% | Preferred series | WRB | Financial Services | $15.81 | -36.74% | — | 5.04% | Forward estimate | 5.04% | Quarterly | |
| EP-PC | El Paso Energy Capital Trust I PFD CV TR SECS | Preferred series | EP | Financial Services | $50.25 | 101.00% | — | 4.73% | Forward estimate | 4.73% | Quarterly | |
| HL-PB | Hecla Mining Company | Preferred series | HL | Financial Services | $77.01 | 208.04% | — | 4.54% | Forward estimate | 4.54% | Quarterly | |
| WAL-PA | Western Alliance Bancorporation | Preferred series | WAL | Financial Services | $24.97 | -0.12% | — | 4.25% | Forward estimate | 4.26% | Quarterly | |
| CNO-PA | CNO Financial Group, Inc. 5.125 | Preferred series | CNO | Financial Services | $16.43 | -34.26% | — | 3.90% | Forward estimate | 3.90% | Quarterly | |
| F-PD | Ford Motor Company 6.500% Notes | Preferred series | F | Financial Services | $21.00 | -16.00% | — | 3.87% | Forward estimate | 3.87% | Quarterly | |
| F-PB | Ford Motor Company 6.20% Notes | Preferred series | F | Financial Services | $20.09 | -19.64% | — | 3.86% | Forward estimate | 3.86% | Quarterly | |
| F-PC | Ford Motor Company 6% Notes due | Preferred series | F | Financial Services | $19.85 | -20.60% | — | 3.78% | Forward estimate | 3.78% | Quarterly | |
| WRB-PE | W. R. Berkley Corporation 5.70% SB DB 2058 | Preferred series | WRB | Financial Services | $20.78 | -16.88% | — | 3.43% | Forward estimate | 3.43% | Quarterly | |
| BC-PC | Brunswick Corporation | Preferred series | BC | Financial Services | $23.96 | -4.16% | — | 3.33% | Forward estimate | 3.33% | Quarterly | |
| SPE-PC | Special Opportunities Fund, Inc. | Preferred series | SPE | Financial Services | $24.72 | -1.12% | — | 2.78% | Forward estimate | 2.78% | Quarterly | |
| APO-PA | Apollo Global Management, Inc. | Preferred series | APO | Financial Services | $170.38 | 581.50% | — | 1.98% | Forward estimate | 1.98% | Quarterly |
Data as of Aug 25, 2026.
Prices last refreshed Aug 25, 2026; the yields, cadences and streaks derived from them Aug 25, 2026. No figure in this table is a live quote.
What this screener is for
This screen exists to answer one question: across the exchange-listed fixed-rate hybrids in this database, what is being paid today relative to the price, and on what basis is that figure computed. Preferred series and baby bonds behave like bonds — a fixed payment, a price that moves with rates and credit — but they trade like shares, in $25 units, on the same exchanges. See preferred stocks, corporate bonds.
The two structures are deliberately screened together and labelled apart. They sit in different places in the capital stack: interest on a note is a contractual obligation that ranks ahead of every share, while a preferred dividend must be declared and ranks behind all debt but ahead of the common. That difference is in the Structure column, not in a footnote.
What it cannot tell you
- It cannot tell you the terms. Call date, cumulative or non-cumulative, fixed-to-floating reset, maturity on a note, and whether the payment is a qualified dividend or ordinary interest for tax are all prospectus facts this database does not store. Two series from the same issuer at the same yield can differ on every one of them. See callable bonds, qualified dividends.
- The yield column is a current yield. It is not a yield to call or a yield to maturity, and for anything trading above $25 with a call date in view those figures can be far lower than the current yield — in some cases negative. See yield to maturity.
- The $25 comparison is a convention, not a lookup. Most exchange-listed preferred series and baby bonds are issued at $25, and depositary shares are usually struck so that one share represents $25 of preference, but series issued at other amounts exist and this column would mis-describe them. The liquidation preference in the prospectus is the authority.
- It holds no credit rating and no measure of how deeply the issuer covers the payment. A preferred dividend can be suspended without triggering a default; missed interest on a note cannot. See credit ratings.
- It does not screen on liquidity. Many individual series trade a few thousand shares a day, and the spread between the bid and the offer can cost more than a quarter's payment.
These definitions cover every column this screen can show, including the specialist ones hidden from the table above. Read the yield entry first. Which payment went into the figure, and over what period, is what the number actually means — and two yields computed on different bases are not comparable with each other, even though both are printed as a percentage.
What each column means
- Price vs $25 (%)
- The stored price expressed as a percentage above or below $25, the customary issue price. It is arithmetic on the price, not a discount to a liquidation preference read from the prospectus.
- Stated coupon (% of $25 par)
- The contractual rate parsed from the security's own name for exchange-traded debt, which is where its annual interest comes from. Blank for preferred series, whose payment is taken from the payment history instead.
- Yield (annualised — basis per row)
- The annual payment divided by the latest stored price. The annual payment is the contractual coupon for a note, the last regular payment times the payments a year for a preferred series, or the trailing twelve months where no cadence can be established. See dividend yield.
- Yield (trailing 12m, cash paid)
- Cash actually paid over the last 365 days divided by that same price. On a recently issued note this reads low, because the first payment is normally a part-period stub.
Where these numbers come from
Nothing on this page is a live quote. Prices are the most recent stored observation from the daily quote job, and every yield is computed against that stored price. Securities that have stopped trading — redeemed, matured, delisted or acquired — keep their history in the database but are excluded from every screen, because a vendor keeps quoting the last trade that ever happened and annualising against it invents a yield.
Securities whose last twelve months are dominated by a one-off payment, or that have too few payments on record to establish a rate, are marked 'irregular' by the compute job and are excluded from every screen here. The figure they would produce describes a single event rather than an income stream.
Curated lists from this screener
Trading below the $25 issue price
Preferred series and baby bonds whose latest stored price is under $25.
Read →Coupon-basis exchange-traded debt
Baby bonds whose annual interest is taken from the contractual coupon in the security's own name rather than from payment history.
Read →Series from issuers with several live series
Preferred series whose issuer currently has more than one series trading, grouped by issuer.
Read →