Overview
Description
Qwest Corporation Preferred Stock 6.75% 06/15/57 is a type of preferred stock issued by Qwest Corporation, offering a fixed dividend rate of 6.75% per annum. Preferred stocks like this one provide a combination of equity investment with fixed-income features, as they pay regular dividends that are usually higher than those from common stocks. This particular issue has a maturity date set for June 15, 2057, allowing it to partake in certain long-term interest rate trends, while providing income to investors till then. As a preferred stock, it stands higher in the capital structure than common equity, granting holders priority in receiving dividends and in asset claims in case of liquidation, but without voting rights. This investment can engage various sectors, including telecommunications, represented by Qwest Corporation, which historically plays an integral role in the telecom industry's investment landscape.
About
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Instrument type
Exchange-Traded note
Sector
Industry
Country
United States
MIC code
XNYS