The Highest-Yielding Preferred Stocks Right Now
Ranked by current yield · updated after each session · data as of July 24, 2026 (end-of-day, not real-time)
Income investors are drawn to preferred stocks because they typically pay higher, steadier dividends than common shares. But the biggest yields on the list are almost never a free lunch. A double-digit yield usually means the market is pricing in something — a shaky issuer, a distant or uncertain call, a floating rate expected to reset lower, or simply a price sitting well below par. Below are the highest current yields among the preferreds we track, so you can see where the fattest payouts are and use the rest of the site to judge whether each one is worth the risk.
| Symbol | Issuer | Price | Coupon | Current yield | vs Par |
|---|---|---|---|---|---|
| STRD | Strategy | $60.15 | 10.000% | 16.63% | -39.9% |
| GPUS'D | Hyperscale Data, Inc. | $22.99 | 13.000% | 14.14% | -8.0% |
| RC'C | Ready Capital Corp | $11.55 | 6.250% | 13.53% | -53.8% |
| STRC | Microstrategy Incorporated Variabl | $86.89 | 9.000% | 13.24% | -13.1% |
| RC'E | Ready Capital Corp | $12.29 | 6.500% | 13.22% | -50.8% |
| STRK | Strategy | $60.56 | 8.000% | 13.21% | -39.4% |
| WHR'A | WHIRLPOOL CORP /DE/ | $33.98 | 8.500% | 12.51% | -32.0% |
| DBRG'I | DigitalBridge Group, Inc. | $14.99 | 7.150% | 11.92% | -40.0% |
| CYCCP | Cyclacel Pharmaceuticals Inc 6 Con | $5.05 | 6.000% | 11.88% | -49.5% |
| DBRG'H | DigitalBridge Group, Inc. | $15.02 | 7.125% | 11.86% | -39.9% |
| BHR'D | Braemar Hotels & Resorts Inc. | $17.41 | 8.250% | 11.84% | -30.3% |
| DBRG'J | DigitalBridge Group, Inc. | $15.28 | 7.125% | 11.66% | -38.9% |
| NGL'B | NGL Energy Partners LP | $25.27 | 9.000% | 11.64% | +1.1% |
| NGL'C | NGL Energy Partners LP | $25.49 | 9.625% | 11.45% | +1.9% |
| RITM'F | Rithm Capital Corp. | $24.54 | 8.750% | 11.29% | -1.8% |
| MITT'C | TPG Mortgage Investment Trust, Inc | $24.98 | 8.000% | 11.10% | -0.1% |
| CIM'B | CHIMERA INVESTMENT CORP | $23.30 | 8.000% | 11.10% | -6.8% |
| LFT'A | Lument Finance Trust, Inc. | $17.88 | 7.875% | 11.01% | -28.5% |
| CIM'D | CHIMERA INVESTMENT CORP | $23.30 | 8.000% | 10.69% | -6.8% |
| CHMI'B | Cherry Hill Mortgage Investment Co | $23.95 | 8.250% | 10.64% | -4.2% |
| MFA'C | MFA FINANCIAL, INC. | $23.29 | 6.500% | 10.54% | -6.8% |
| NXDT'A | NEXPOINT DIVERSIFIED REAL ESTATE T | $13.19 | 5.500% | 10.42% | -47.2% |
| CDR'B | Cedar Realty Trust Inc | $17.39 | 7.250% | 10.42% | -30.4% |
| STRF | Strategy | $97.22 | 10.000% | 10.29% | -2.8% |
| RITM'B | Rithm Capital Corp. | $25.23 | 7.125% | 10.25% | +0.9% |
Yield is the current yield — annual dividend ÷ latest price. “vs Par” is the premium or discount to the security’s $25, $50 or $1,000 liquidation preference.
How this list is built
We rank by current yield: the security’s annual dividend divided by its latest market price. Because it’s price-based, a preferred’s yield rises as its price falls — so the top of the list naturally skews toward securities trading at a discount to par. We exclude anything flagged with a suspect or unconfirmed dividend, and every figure traces back to SEC filings and end-of-day market data. Prices are delayed, not live, so treat the numbers as “as of the last close,” not a real-time quote.
Why the highest yields carry the most risk
An unusually high yield is the market asking a question, not handing you a gift. Before reaching for the top of the list, it’s worth understanding why a given preferred yields what it does:
Credit risk. Weaker or more leveraged issuers have to pay more to attract buyers. The highest yields often belong to smaller REITs, shippers, and business-development companies whose ability to keep paying is less certain than a megabank’s.
Call risk. If a preferred trades above its par and the issuer can redeem it, you can be called away at par and lose the premium you paid. Always check the call date on the security’s page.
Reset risk. Fixed-to-floating and reset preferreds can see their dividend drop when the rate resets — a headline yield today may not hold.
Suspension risk. Non-cumulative preferreds can skip a dividend entirely without ever having to make it up. A 12% yield on a preferred trading at $18 against a $25 par is the market signaling doubt about the full payout or the return of par. Sometimes it’s wrong — that’s the opportunity — but a sky-high yield is a reason to dig in, not a reason to buy.
Frequently asked questions
- What is a good yield for a preferred stock?
- Most investment-grade preferreds yield somewhere between about 5% and 7%. Yields much above that usually reflect added risk — a weaker issuer, a price well below par, or an uncertain dividend — so a “good” yield depends on how much risk you are willing to take, not the number alone.
- Why do some preferred stocks yield over 10%?
- A yield is just the annual dividend divided by the price, so when a preferred’s price falls its yield rises. Double-digit yields almost always mean the market has marked the price down over concerns about the issuer’s credit, a possible dividend cut or suspension, or a floating rate expected to reset lower.
- Are high-yield preferred stocks safe?
- Not inherently. Preferreds sit above common stock but below bonds in the capital structure, and the highest yielders tend to be the riskiest names. Non-cumulative preferreds can skip dividends without ever repaying them. Check the issuer’s financial strength and the security’s call and cumulation terms before assuming a high yield will last.
- How is preferred stock yield calculated?
- Current yield equals the annual dividend divided by the current market price. A preferred paying $1.50 a year at a $20 price yields 7.5%. That differs from yield to call, which also accounts for whether and when the issuer can redeem the shares at par.
New to preferreds? Start with What is a preferred stock? and Are preferred stocks safe? For the full, filterable universe, use the screener. Nothing here is investment advice — figures are end-of-day and for informational purposes only.