AJ1G Inc. (AJYG)

[Michael Scofield]

Preferred Stock: A second type of stock, which a company may choose to issue, is preferred stock. Preferred stock is listed separately from common stock and trades at a different price. Unlike common stockholders, preferred stockholders are not usually entitled to voting rights, but they do have a higher claim on assets and earnings than do common shareholders.

While common shareholders are not guaranteed a dividend payment, preferred shareholders enjoy a fairly fixed dividend and are paid before a company decides whether it can pay its common shareholders.