You buy preferred stock the same way you buy common stock - through your broker off the stock exchange. The price of the preferred stock (and not every company issues preferred stock) is independent from the price of common stock. However, because preferred stock is safer and carries a promise to pay back compared to common stock, it should carry a premium over common stock (
You can do a yahoo search for the ticker of a preffered stock for example: preffered stock symbol for capital one finical. It will give you something like cof-p. You can now use that symbol to trade. Remember perrered stock fluctuates with credit ratings, acting deffrently than stocks.
preferred stock is paid out first in case of a bankruptcy or liquidation. It can be bought through any brokerage, in person or on line, as long as you have the correct ticker symbol.
Dividends baby, dividends.
Is there a higher price or?
