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Warren Buffett’s Berkshire Hathaway Could Get an Energy-Stock Payoff

Por: MarketWatch Business February 24, 2023

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Preferred stock is a senior form of equity that resembles debt because the dividend rate usually is fixed. Companies can omit preferred dividends without causing a default, but generally can’t pay common stock dividends until preferred dividends are paid. The redemption prospect figured in a downgrade of Occidental shares to Underperform from In Line by Evercore ISI analyst Stephen Richardson this week. Redemption amounts will likely hinge on... + full article



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