These pay fixed dividends until a reset date, typically five years from issue date. (moneysense.ca)
When you buy preferred shares, you own a piece of the company and in exchange receive fixed dividend payments set at issuance with the par value of the preferred stock. (etfdb.com)
Investors receiving fixed dividends receive the same percentage or dollar amount each time dividends are issued, regardless of the company's performance. (valuepenguin.com)