Series 82: Dividends

Taken from our Series 82 Top-off Online Guide

Dividends

As with common stocks, dividend payments for preferred shares are received quarterly. Unlike common stocks, dividend payments for preferred shares are determined when the stock is issued. A fixed rate preferred stock may set its dividend payment at a fixed dollar value ($5), or it may be based on a percentage of the par value of the stock as stated on the stock certificate (5%). A floating rate or adjustable-rate preferred stock will have an adjustable dividend based on some formula, such as 1% above the interest rate on 90-day Treasury bills.

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