Alphabet Convertible Preferred Yield Tops 7.5%
Alphabet’s mandatory convertible preferred stock, issued as part of its $85 billion equity capital-raising plan in June, has fallen alongside the company’s common stock and now yields more than 7.5%.
By Andrew BaryAlphabet's mandatory convertible preferred stock, which it issued as part of its $85 billion equity capital raising plan in June, has gotten hit along with the company's common stock and now yields more than 7.5%.The problem for investors is that the convertible preferred securities w…