Preferred stock
Also written preferred, preferreds.
Definition
An equity security that ranks above common stock and below all debt, and pays a fixed or floating dividend. It behaves more like a bond than a stock: a set payment, usually no vote, and usually a call date. Most are perpetual.
On a live record
C-N is a preferred stock of Citigroup Capital XIII: a 10.707% coupon on $25 par, trading at $26.39 for a 10.14% current yield. Open the C-N record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.