Dividend Enhanced Convertible Stock (DECS)
Preferred stock that provides the holder with premium dividends in addition to an embedded short put option and a long call on the issuing company's stock. Investopedia Says:
Dividend enhanced convertible stocks provide the holder with the right to convert the security into the underlying company's common stock. Related Terms:
Convertible Debenture
Convertibles
Debt Exchangeable Common Stock - DECS
Long
Naked Put
Preferred Redeemable Increased Dividend Equity Security - PRIDES
Preferred Stock |