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ConnectOne Bancorp Inc. Preferred Stock is a type of equity security that represents ownership in the company, offering investors a fixed dividend yield. As a preferred stockholder, investors typically have a higher claim on assets and earnings than common stockholders, particularly during bankruptcy or corporate liquidation, though they do not usually have voting rights. ConnectOne Bancorp operates within the financial services industry, primarily engaging in banking and loan services. This preferred stock is instrumental in providing the bank with additional capital resources, enabling it to expand its lending capabilities and enhance its operational stability. The predictable dividend payments make it an attractive option for income-focused investors. In the broader financial market, preferred stocks like those issued by ConnectOne Bancorp serve as a middle ground for investors seeking both dividend income and relative security in a company with strong ties to regional economies.