Preferred stock shares are a type of hybrid security that combines features of both stocks and bonds. They offer investors a fixed dividend payment and have a higher priority claim on assets than common stock in the event of liquidation. As a result, preferred stock shares are often considered to be a less risky investment than common stock shares.
There are a few different ways to buy preferred stock shares. One way is to buy them directly from the issuing company. Another way is to buy them through a broker. If you buy them through a broker, you will need to pay a commission. You can also buy preferred stock shares through a mutual fund or exchange-traded fund (ETF) that invests in preferred stock shares.