NSTAR Electric Company 4.78% Perpetual Preferred Stock

NSTAR Electric Company 4.78% Perpetual Preferred Stock is a preferred equity instrument offered by NSTAR Electric Company, a utility service provider in the United States. This financial asset is characterized by providing a fixed dividend yield of 4.78% per annum. As a perpetual preferred stock, it does not have a maturity date, allowing it to continue providing dividends indefinitely, or until the company decides to call or redeem the stock. The primary function of this preferred stock is to offer investors a steady income stream, which makes it appealing to those seeking fixed-income-like investments. It plays a pivotal role in the capital structure of NSTAR Electric by offering capital without diluting the common stockholders' equity. The stock is integral to the utility industry, which is known for its stability and consistent cash flow, making such preferred stocks a reliable income source within the financial markets.