People who invest in preferred stocks tend to want to achieve which of the following?

Name: People who invest in preferred stocks tend to want to achieve which of the following?
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Question

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Preferred stocks are known for their consistent cash flow in the form of dividend payments, making a steady income the most common goal for investors who choose to invest in them. They typically do not come with voting rights and are not ideal for those seeking quick profits or large capital gains over the long run.

People Who Invest in Preferred Stocks Tend to Want to Achieve