variable-rate preferred stock

Variable-Rate Preferred Stock

A preferred stock paying a dividend that varies from time to time. Usually, the dividend rate is based on an index or on the interest rate on a Treasury security. They may also be backed by mortgages or mortgage-backed securities.

variable-rate preferred stock

References in periodicals archive ?
Redeeming costly variable-rate preferred stock in this rising rate environment will result in millions of dollars in annual after-tax savings for the Company going forward," said Chief Financial Officer Robert Blakely.
Innovations in the use of variable-rate preferred stock likewise have served to narrow the difference between debt and equity.
The VMTP Shares are variable-rate preferred stock with three or three-and-a-half year terms, as applicable, and are privately placed.
The 15 million shares of variable-rate preferred stock are being offered to investors at $50.
The VMTP Shares are variable-rate preferred stock with a five-year term, and were privately placed.
8112 percent) on its variable-rate preferred stock issued April 26, 1996, and $.

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