Stocks To Buy Details
Preferred stock may be hybrid by having the qualities of bonds of fixed
returns and common stock voting rights. They also have preference in the
payment of dividends over common stock and also have been given
preference at the time of liquidation over common stock. They have other
features of accumulation in dividend. In addition, preferred stock
usually comes with a letter designation at the end of the security; for
example, Berkshire-Hathaway Class "B" shares sell under stock ticker
BRK.B, whereas Class "A" shares of ORION DHC, Inc will sell under ticker
OODHA until the company drops the "A" creating ticker OODH for its
"Common" shares only designation. This extra letter does not mean that
any exclusive rights exist for the shareholders but it does let
investors know that the shares are considered for such, however, these
rights or privileges may change based on the decisions made by the
underlying company.
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