Preferred Stock

Wall Street Journal  Dec 31  Comment 
General Motors Co. said it redeemed 156.1 million outstanding shares of preferred stock at a cost of $3.9 billion in a move to further strengthen its balance sheet before the end of the year.
Forbes  Dec 26  Comment 
On 12/29/14, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (NYSE: EPR.PRE) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 1/15/15. As a percentage of EPR.PRE's recent share price of $31.64, this...
The Economic Times  Dec 15  Comment 
Preferred shares of Brazil's state-run oil company Petroleo Brasileiro SA fell more than 8 percent on Monday.
Forbes  Dec 10  Comment 
On 12/12/14, AltaGas Ltd's Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (Toronto: ALA-PRA) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/31/14. As a percentage of ALA.PRA's recent share price of...
Forbes  Dec 9  Comment 
On 12/11/14, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/15. As a percentage of VNO.PRL's recent share price of $23.35,...
Forbes  Nov 24  Comment 
On 11/26/14, RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (NYSE: RAS.PRB) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 12/31/14. As a percentage of RAS.PRB's recent share price of...


Related Articles


Preferred Stock, or preferred shares, refer to shares in a company that carry different rights than common stock. Both types of shares represent the holder's stake in a company, however holders of preferred stock have a claim on a company's assets and earnings before the holder of common shares. This means that holders preferred stock will be paid dividends before the any common shareholders and, in the case of liquidation or bankruptcy, the preferred shareholders will have a claim on the assets of a company before the common shareholders.

In the U.S. there are two types of preferred stock: convertible preferred shares and straight preferred shares. Convertible preferred shares give the holder the right, but not the obligation, to exchange their preferred shares for a common stock at a fixed price, after a specific date. Straight preferred shares simply give the holder rights that common shareholders do not have.

These rights can include things like a pre-determined dividend payment (which could be either fixed or floating), or special voting rights. The rights of preferred stock will vary from company to company, but the general idea is that the preferred shareholders pay a premium for the right to the to an earlier claim on a company's assets or earnings. In this sense, preferred shareholders are paying a premium to receive less risky shares in a company.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki