Preferred stocks, also known as preferred shares, are securities that are considered “hybrid” instruments with both equity and fixed income characteristics. They normally carry no shareholders voting rights, but usually pay a fixed dividend.
If you’re looking to invest in preferred stocks, you may also be interested in preferred stock exchange-traded funds (ETFs). These funds are traded on stock exchanges and offer a diversified basket of preferred stock holdings, which lowers portfolio market risk. ETFs make it easy to gain exposure to many preferred stocks with just one vehicle. They’re similar to mutual funds in that they hold securities of many companies. However, they have lower fees than mutual funds.
Whereas, if you’re interested in investing in individual preferred stocks, the table below lists them all:
* Stock Price shown is previous day’s closing price.
** Dividend yield is calculated from Dividend Payout and previous day’s closing price.