6 Preferred ETFs Up Double Digits in 2019
May 27, 2019 at 07:00 AM EDT
When most investors think of stock holding, what comes to mind is common stock, where owning a slice of the company entitles a shareholder to vote. Preferred stock on the other hand gives no voting rights to shareholders. Preferred shareholders also have priority over a company’s income, meaning they are paid dividends before common shareholders. Thus, preferred stock shares debt and equity characteristics all at once.