The S&P U.S. Preferred Stock Index is designed to serve the investment community's need for an investable benchmark representing the U.S. preferred stock market. Preferred stocks are a class of capital stock that pays dividends at a specificed rate and has a preference over common stock in the payment of dividends and the liquidation of assets. The index includes all preferred stocks issued by U.S. corporations and those trading in major exchanges, subject to criteria relating to minimum size, liquidity and time to maturity.
Index Governance and Policy
The index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists, and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.
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