Preferred Share Dividend Yield
Dividend payments on preferred shares ("preference shares" in the UK) are set out in the prospectus. The name of the preferred share will typically include its yield at par: for example, a 6% preferred share. However, the dividend may under some circumstances be passed or reduced. The yield is the ratio of the annual dividend to the current market price, which will vary.
Read more about this topic: Dividend Yield
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—Victor Hugo (1802–1885)
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—James Boswell (1740–1795)