Adjustable Rate Preferred Stock

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Definition

A preferred stock with dividend payments that vary with a benchmark, most commonly the interest rate on treasury securities. The stock's dividend value adjusts to match changes in the benchmark rate. Adjustable rate preferred stocks are considered more stable than standard, fixed-rate preferred stocks.

Related Terms

Dividend, Dividend Yield, Preferred Stock

Recent Quotes

Symbol Price Chg Chg % Market Cap
XIN 2.68 -0.19 -6.62% 206.17M
XIDE 2.29 -0.03 -1.29% 178.89M
XHE 52.27 -1.10 -2.07%
XG 2.95 +0.15 +5.36% 283.67M
XEL 27.96 -0.06 -0.21% 13.61B
XEC 51.29 -1.98 -3.72% 4.396B
XCO 6.90 -0.30 -4.17% 1.495B
XBKS 4.15 +0.00 +0.00% 43.37M
XBI 78.30 -2.14 -2.66%
XATA 0.81 +0.05 +6.56% 8.651M
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