2.11 : 优先股

Preferred stock is a type of equity ownership in a company offering investors fixed dividends with no voting rights.

For example, when investors purchase preferred stock in Salt Corporation, they are given ownership of the company's assets with no voting rights.

The dividends paid to the preferred stockholders are fixed, making them similar to fixed-income securities.

When Salt Corporation generates profits, the dividends are distributed to preferred stockholders before dividends are paid to common stockholders.

In the event of bankruptcy, payments on the company's assets are given to debtholders, followed by preferred stockholders over common stockholders.

Some preferred stocks come with callable features, allowing the company to repurchase shares at a predetermined price after a specified period.

This feature allows companies to modify capital based on their needs and market conditions.

However, preferred stock does not benefit from substantial capital growth, as the price of preferred stock is typically more stable.

Preferred stock generally attracts investors seeking fixed income from dividends with limited growth and no voting rights.