is anyone using preferred shares for income?
Wanted to check if anyone is using preferred shares like lbs.pr.a,ffn.pr.a,dgs.pr.a for income.
price is fairly stable than stocks. yield is between 6%-7%
income is tax efficient as well as all the dividends are classified as elegible dividends.
Looking for some feedback back if someone is using the strategy.
Thanks
u/WolfAfraid5465 — 2 days ago