How to Buy National Bank of Greece Preferred Stock

Investors looking for yield and capital appreciation can look at preferred stocks, which is a cross between a bond and a stock. As with a bond, preferred shares pay coupon rates (also known as dividends) to investors. These dividends tend to be higher than the dividends paid on the company's common stock. The yields on these preferred stocks are sometimes very high, often exceeding 10%. National Bank of Greece is trading around a dividend rate of 10% as well.

Things You'll Need

• Online brokerage account
• Money to fund the account
• Ticker symbol for National Bank of Greece

Instructions

Buying National Bank Of Greece Preferred

1. Open an online brokerage account that allows you to buy preferred stock of a company, using a brokerage like E-trade or Questrade. Fill out all the information necessary, including address, social security number, and any other pertinent information needed.

2. Fund the online brokerage account. Funding can be done by writing a check to the brokerage or setting up an electronic transfer from your checking or savings account.

3. Find the stock symbol, sometimes called the "ticker symbol" for the preferred stock. In this case, look up the ticker symbol for National Bank of Greece Preferred Class A security, which is NBGpA.

4. Enter the order to buy preferred stock of National Bank of Greece. Click the buy button on the order page and shares will be transferred to account.

References

• How To Buy Preferred Stock
• Why National Bank of Greece stock might be a good idea