Answer :
Final answer:
Income stock pays regular dividends to shareholders, while preferred stock offers a fixed dividend income. These types of stocks provide a reliable source of income for investors.
Explanation:
Income stock is the type of stock that pays regular dividends to its shareholders. Dividends are periodic cash payments made by the company to its stockholders, providing them with a steady income stream.
Preferred stock holders are given priority over common stockholders in receiving dividends. These dividends are usually fixed, offering a predictable income to the investors.
Investing in income stocks or preferred stocks would be advisable for a client seeking regular dividend payments from their investments.
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