What features do preferred stock shares offer investors? What feature, similar to a bond, should cause investors

Question:

What features do preferred stock shares offer investors? What feature, similar to a bond, should cause investors to demand a higher yield?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...