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Q&A: How to make preferred shares pay big dividends for your portfolio

James Hymas

JENNIFER ROBERTS/jennifer roberts The Globe and Mail

Preferred shares can be complex investment instruments, but when used effectively in a portfolio, they can provide a stable income stream at lower risk than common shares or in some cases corporate bonds - and with tax advantages. For this week's live discussion at Inside the Market, we heard from one of Canada's top experts on preferred shares, James Hymas, president of Hymas Investment Management.

Mr. Hymas has been in the investment industry for nearly three decades and is frequently called upon for his advice of preferred shares.

Preferred shares, considered a hybrid investment that is a cross between equity and debt instruments, have been hurt in the recent market downturn as bond yields went up. Is it a good time know to buy preferred shares? What are the best funds or companies to invest in when it comes to preferreds? These are just a couple of issues we explore as we take your questions.

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