Investments & Financial Planning
What is Preferred stock?
Answer:
Preferred stock gives its shareholders certain privileges that make them senior to common shareholders.
Preferred stockholders are promissed a fixed periodic return which is stated as a dollar amount or a percentage.
Preferred stockholders are given preference over common shareholders with respect to distribution of earnings.
Preferred stockholders are promissed a fixed periodic return which is stated as a dollar amount or a percentage.
Preferred stockholders are given preference over common shareholders with respect to distribution of earnings.
