The S&P U.S. Preferred Stock Index is designed to serve the investment community’s need for an investable benchmark representing the U.S. preferred stock market. Preferred stocks are a class of capital stock that pays dividends at a specified rate and has a preference over common stock in the payment of dividends and the liquidation of assets. The index includes all preferred stocks issued by U.S. corporations and those trading in major exchanges, subject to criteria relating to minimum size, liquidity and time to maturity.
This index is calculated with a modified capitalization weighted scheme, with modifications being made to index shares to prevent single stock concentration and improve index liquidity. The index is rebalanced once a year when index shares and constituents are reviewed.
For this data source, RIMES hosts approximately 530 companies and 8 indices.
Index coverage includes:
Some of the data items available include:
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