Five High Yield Preferred Stocks of the S&P 500 Components

After performing a search recently at BankRate.com, we found that the national average interest rate for a 1 year CD was 0.23%, with the site average at 0.70%. In a world where investors are searching for yield, with few options available, some are turning toward preferred stocks. Preferred shares, which combine an element of debt and equity, generally are higher up in the capital structure than a company's common stock, and typically get paid dividends prior to common shareholder dividends.