Preferred stock whose dividend changes, usually quarterly, according to changes in the Treasury Bill rate or a similar benchmark. The changes in the dividend are determined by a pre-set formula. Like floating rate debt, adjustable rate preferred stock tends to have stable prices, since the dividend amount can be can changed to offset price changes.

Related information about adjustable rate preferred stock:

1. Adjustable-Rate Preferred Stock (ARPS) Definition | Investopedia
   A type of preferred stock where the dividends issued will vary with a benchmark, most often a T-bill rate. The value of the dividend from the preferred share is set ...
    
2. What is adjustable rate preferred stock? definition and meaning
   Definition of adjustable rate preferred stock: Preferred stock whose dividend changes, usually quarterly, according to changes in the Treasury Bill rate or a ...
    
3. Adjustable-Rate Preferred Stock financial definition of Adjustable ...
   Adjustable-Rate Preferred Stock. Also found in: Acronyms, 0.01 sec. Adjustable- rate preferred stock (ARPS). Publicly traded issues that may be collateralized by ...
    
4. Adjustable-Rate Preferred Stock - ARPS: Definition from Answers.com
   preferred stock, whose dividend instead of being fixed is adjusted, usually quarterly, based on changes in the Treasury bill rate or other money market.
    
5. Adjustable Rate Preferred Stock Definition
   Adjustable Rate Preferred Stock definition, facts, formula, examples, videos and more.
    
6. adjustable-rate preferred stock - Invest Definition
   adjustable-rate preferred stock definition: Preferred stock in which the dividend changes according to a pre-set formula matched to movements in a benchmark ...
    
7. Adjustable Rate Preferred Stock (ARPS) Definition | Business ...
   preferred stock , whose dividend instead of being fixed is adjusted, usually quarterly, based on changes in the Treasury bill rate or other money market rate.
    
8. What is ADJUSTABLE RATE PREFERRED STOCK ? definition of ...
   Definition of ADJUSTABLE RATE PREFERRED STOCK : PREFERRED STOCK that pays investors a floating DIVIDEND that resets periodically (generally every ...