The influence of profitability on the prices of preferred shares of Russian companies

The article studies the effect of profitability on the prices of preferred shares of Russian companies. The factors creating a discount to the bulk of preferred shares on the Russian stock market are examined in detail. The influence of profitability was studied from two sides, with dividend and exchange rate, then a correlation analysis was carried out. It is concluded that the preferred shares of Russian companies may show leading dynamics compared with ordinary ones, but the existence of the indicated fundamental factors creating a discount for preferred shares does not allow us to fully focus on this scenario. The low cost of preferred shares in the Russian Federation, first of all, tells us about the underdevelopment of the national stock market.