BROWSE

P

What is 'P'

A symbol that, when used as the fifth letter in a ticker symbol, indicates that a security is a first preferred issue. Called a fifth-letter identifier, "P" and most other letters of the alphabet, can be used to indicate that a security is not common stock, but has a special characteristic. Other examples of such characteristics and their identifiers include Class A shares ("A"), new issues ("D"), delinquent ("E"), foreign ("F"), or involved in bankruptcy proceedings, as indicated by ("Q").

Explaining 'P'

Ownership of preferred stock comes with greater rights than ownership of common stock. Preferred shareholders receive fixed dividends and are paid dividends before common shareholders. Preferred shareholders also have priority in being repaid, in the event that a company liquidates. However, bondholders have priority over preferred stockholders, and preferred stock dividends can be withheld at the company's discretion.


Further Reading


Trends in park tourism: Economics, finance and management
www.tandfonline.com [PDF]
… Park Economics Economics is an important component of societal decision-making that is, however, typically given low priority in the parks' world (Van Sickle & Eagles, 1998; Wells, 1997) … 137 Page 7. Park Finance and Pricing Policy … P ercen t Percent Cost Recovery …

An empirical comparison of published replication research in accounting, economics, finance, management, and marketingAn empirical comparison of published replication research in accounting, economics, finance, management, and marketing
www.sciencedirect.com [PDF]
… Park Economics Economics is an important component of societal decision-making that is, however, typically given low priority in the parks' world (Van Sickle & Eagles, 1998; Wells, 1997) … 137 Page 7. Park Finance and Pricing Policy … P ercen t Percent Cost Recovery …

Power laws in economics and finance: some ideas from physicsPower laws in economics and finance: some ideas from physics
www.tandfonline.com [PDF]
… Park Economics Economics is an important component of societal decision-making that is, however, typically given low priority in the parks' world (Van Sickle & Eagles, 1998; Wells, 1997) … 137 Page 7. Park Finance and Pricing Policy … P ercen t Percent Cost Recovery …

Self-organized complexity in economics and financeSelf-organized complexity in economics and finance
www.pnas.org [PDF]
… Park Economics Economics is an important component of societal decision-making that is, however, typically given low priority in the parks' world (Van Sickle & Eagles, 1998; Wells, 1997) … 137 Page 7. Park Finance and Pricing Policy … P ercen t Percent Cost Recovery …

Computational intelligence in economics and financeComputational intelligence in economics and finance
link.springer.com [PDF]
… Park Economics Economics is an important component of societal decision-making that is, however, typically given low priority in the parks' world (Van Sickle & Eagles, 1998; Wells, 1997) … 137 Page 7. Park Finance and Pricing Policy … P ercen t Percent Cost Recovery …



Q&A About P


What is P?

P stands for preferred stock.

What rights come with ownership of preferred stock?

Ownership of preferred stock comes with greater rights than ownership of common stock.

How do preferred stockholders get repaid if their company liquidates?

Bondholders have priority over preferred stockholders, and preferred stock dividends can be withheld at the company's discretion.

What does the letter "P" indicate when used as a fifth letter in a ticker symbol?

The letter "P" indicates that the security is first preferred issue.

What are some other examples of letters that can be used to indicate special characteristics?

Other examples include Class A shares (A), new issues (D), delinquent (E), foreign (F) and involved in bankruptcy proceedings, as indicated by Q).

Why would a company withhold paying out its dividend to its investors or creditors if it could afford to pay them out?

This prevents an investor from being able to claim bankruptcy on his debt while still receiving money from his investment. It also prevents an investor from taking advantage of the situation by buying up all available shares during difficult times knowing he will most likely be paid back first when the company recovers financially.

How do preferred shareholders receive dividends?

Preferred shareholders receive fixed dividends and are paid dividends before common shareholders.

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