Preferred stock combines features of both equity and debt. Unlike common stock, preferred shares often offer fixed dividends ...

Preferred stock is often described as a stock that acts like a bond. Investors value them for their steady income, not the potential market price increases.

Bodenmiller also says short-term investors may be more interested in preferred stock. "The share price of preferred stock typically fluctuates much less than common stock," he says. For that ...

The underlying common stock price had fallen to such a low level that the preferred shares were unlikely to convert to common shares. When that happens, the convertible is termed "busted," as it ...