Preferred Stock
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Kevin McGovern, Chairman and CEO of McGovern Capital LLC, explains what preferred stock offers for investors.
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Business Glossary 
Definitions for: adjustable rate preferred stock
adjustable rate preferred stock
cumulative preferred stock with dividends paid and adjusted quarterly. Adjustable rate issues have no maturity date, but may be called at the option of the issuer. Shareholder dividends are nonaccruing, and are paid on scheduled
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