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Auction Rate Preferred Stock |
Also found in: Acronyms | 0.03 sec. |
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Auction rate preferred stock (ARPS) Floating rate preferred stock, whose dividend is adjusted every seven weeks through a Dutch auction. Auction Rate Preferred Stock A preferred stock with an adjustable dividend that changes every seven weeks according to the results of a Dutch auction. Every preferred stock has a guaranteed dividend; what differentiates an auction rate preferred stock is the fact that the amount of its dividends changes from time to time. An auction rate preferred stock is beneficial for some investors because the auction reveals the current market yield every seven weeks, which helps them decide whether to buy, sell, or hold. It is also called an auction market preferred stock. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Cadbury Schweppes issued $250 million of a uniquely designed auction rate preferred stock in the U. 00 Leverage: $65 million Taxable Auction Rate Preferred Stock (Issued September 30, 2002); $30 million of Taxable Auction Rate Preferred Stock (Issued July 18, 2005) Total Net Assets: $350,280,609. NYSE:KYE) (the "Fund") announced the successful completion of its $300 million offering of auction rate preferred stock ("Preferred Stock"). |
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