Overview
Description
Bendigo and Adelaide Bank Limited Preferred Stock represents an equity investment in Bendigo and Adelaide Bank, a prominent Australian financial institution. This preferred stock offers investors a unique exposure to the bank's financial performance, with potential dividends that have priority over common stock distributions. Holders of the preferred shares typically receive fixed dividend payments, which is a distinct feature compared to the variable dividends of common shares. This type of stock is often favored by investors seeking a more predictable income stream from their equity investments.
Bendigo and Adelaide Bank are known for their strong community banking model, providing a range of financial services, including personal and business banking, wealth management, and insurance products. Preferred stocks like these play a significant role in the financial market by offering more stable income options, appealing to risk-averse investors and those seeking diversity in their investment portfolios. The inclusion of preferred stock in the bank’s capital structure also offers flexibility for balanced financial management, enabling the institution to support growth and adaptability within Australia’s competitive banking sector.
About
CEO
Mr. Richard Allan Fennell BEc, CA, MAICD
Employees
4812
Address
The Bendigo Centre
22-44 Bath Lane
Bendigo, 3550, VIC
Australia
22-44 Bath Lane
Bendigo, 3550, VIC
Australia
Phone
61 3 5445 0666
Website
Instrument type
Common stock
Sector
Industry
Country
Australia
MIC code
CXAC