I_Google OP sensible Dinosaur_90 :

I_Google OP sensible Dinosaur_90 : absolutely not the dividends are fixed always to be 9.5% at par value $25 it's never going to be less than $2.375 annually that's why the rate increases as the stock depresses... because it's locked at a specific rate

I_Google OP sensible Dinosaur_90 : take some time to familiarize yourself with this particular type of security also look at the prospectus that went along with it there are some details that will help you see the light here.... I am dropping the link to the SS posted as well
https://www.investopedia.com/terms/c/cumulative_preferred_stock.asp#:~:text=What%20Is%20Cumulative%20Preferred%20Stock,to%20cumulative%20preferred%20shareholders%20first.

I_Google OP sensible Dinosaur_90 : yeah the different types of securities can sometimes cause headaches are you also trading on webull platform?