perpetual preferred stock

Definition

Stock without a fixed maturity date. Issuers have ability to redeem perpetual preferred stock at any time, and stocks pay dividends indefinitely. Used by conservative, long-term investors.

Use this term in a sentence

You should try and find a way to get in early on a perpetual preferred stock to get the most out of it.

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I purchased perpetual preferred stock in XYZ Corporation to augment the returns in the fixed income portion of my portfolio.

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They had some perpetual preferred stock and that was really cool to see and it made us very happy that there was not a fixed date.

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perpetual option (XPO) tangible equity