They are like debt, in that they will carry a specify [[dividend]] rate. However, the payment of the dividend is not guaranteed. A company that failed to make a preferred dividend payment would be viewed unfavorably by the market and it is likely all prices of all it's issued shares would fall. | They are like debt, in that they will carry a specify [[dividend]] rate. However, the payment of the dividend is not guaranteed. A company that failed to make a preferred dividend payment would be viewed unfavorably by the market and it is likely all prices of all it's issued shares would fall. |