AMPS

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AMPS

Auction 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; an auction market preferred stock is distinguished by the fact that the amount of its dividends changes from time to time. An auction market preferred stock is beneficial for some investors because the auction reveals the current market yield every seven weeks, which helps in investment decisions on whether to buy, sell, or hold. It is also called an auction rate preferred stock or a Dutch auction preferred stock.
References in periodicals archive ?
The company offers N-AMPS analog cellular service and 13 kilobit CDMA digital service, with cellular infrastructure supplied by Motorola Cellular Infrastructure Group.
SpotLight is currently designed for the AMPS and N-AMPS air interfaces, with a new version for GSM in development.
4, 1996--Nokia, the world's second largest manufacturer of cellular phones, today announced the Nokia 232N, a N-AMPS version of the award winning Nokia 232.