Preferred stock and securities are issued by corporations and have attributes that are characteristic of both stocks and bonds. They generally have no maturity dates, or very long maturities (30 years or more), but can usually be redeemed ("called") by the issuer after a specific period of time has passed. Depending on the structure, preferred stocks and securities can make either interest or dividend payments, and the payments are usually made quarterly. Preferred stocks and securities generally trade on a stock exchange.

Reasons to consider:

Important disclosures: