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Morgan Stanley Preferred Stock Paying 6.2%

Morgan Stanley (NYSE:MS) has risen from the dead after a disastrous performance during the financial crisis brought the company (and shareholders) to their collective knees. But MS has rebounded unbelievably well and is making loads of money, and the stock is evidence of that. MS has never been a company that pays out a large amount of earnings in cash dividends, so the stock's yield has always been subpar in comparison to other financials. The good news is that if you like the Morgan Stanley story, but also want some income, there is hope. In this article, I'll take a look at one of MS' preferred stock issues that can fill your wallet with a huge yield with the backing of the new found strength of the investment bank. Read more