What are the Preferred Stocks in the Philippine Stock Market (PSE)?
Preferred Shares are different from Common Shares in such a way that it doesn’t have voting rights to the company’s decision making; in short, a preferred share holder is not a part owner of the company. However, in terms of dividend payment and liquidation, in case of bankruptcy, preferred shares are more priority than common shares. Usually, preferred stocks have a fixed income distribution and calculated as a percentage of the issue price. Essentially, preferred shares are like debt securities or bonds.
In the Philippines, preferred shares are traded in the Stock Market (PSE), however, there are only a handful of companies in the country that offer preferred stocks, and unfortunately, almost all of them are rarely traded. Below are the preferred stocks that have a relatively higher trading activity and receive regular dividend;
Stock name / Ticker Symbol / Offer Price / Coupon or Dividend Rate
AYALA CORP. PREF. “A “ / ACPA / Php500 per share / 8.88%
AYALA CORP. PREF. “B” / ACPR / Php 100 per share / 9.46%
FIRST PHIL HLDGS. - PREF. / FPHP / Php 100 per share / 8.72%
Below is the list of PLDT preferred stocks that rarely traded but received a regular dividend;
PLDT (10% PREF) SERIES E (TELE)
PLDT (10% PREF) SERIES F (TELF)
PLDT (10% PREF) SERIES G (TELG)
PLDT (10% PREF) SERIES H (TELH)
PLDT (10% PREF) SERIES I (TELI)
PLDT (10% PREF) SERIES J (TELJ)
PLDT (10% PREF) SERIES K (TELK)
PLDT (10% PREF) SERIES L (TELL)
PLDT (10% PREF) SERIES M (TELM)
PLDT (10% PREF) SERIES N (TELN)
PLDT (10% PREF) SERIES O (TELO)
PLDT (10% PREF) SERIES P (TELP)
PLDT (10% PREF) SERIES Q (TELQ)
PLDT (10% PREF) SERIES R (TELR)
PLDT (10% PREF) SERIES S (TELS)
PLDT (10% PREF) SERIES T (TELT)
PLDT (10% PREF.) SERIES U (TELU)
PLDT (10% PREF) SERIES V (TELV)
PLDT (10% PREF) SERIES W (TELW)
PLDT (10% PREF) SERIES X (TELX)
PLDT (10% PREF) SERIES Y (TELY)
PLDT (10% PREF) SERIES Z (TELZ)
PLDT 10% PREF SERIES “AA” (TLAA)
PLDT 10% PREF SERIES “BB” (TLBB)
PLDT 10% PREF SERIES “CC” (TLCC)
PLDT 10% PREF SERIES “DD” (TLDD)
PLDT 10% PREF SERIES “EE” (TLEE)
On the other hand, below are the preferred stocks that are rarely traded and rarely received dividend.
ATS CORP. - PREFERRED (ATSP)
BENGUET CORP. CON. PREF (BCP)
Filed in: Fixed Income, Stocks and Stock Market
Local date: March, 2010
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