A stockbroker advises a client to buy preferred stock. . . . With that type of stock, . . . [you] will never have to worry about losing the dividends. Is the broker right?

A stockbroker advises a client to "buy preferred stock. . . . With that type of stock, . . . [you] will never have to worry about losing the dividends." Is the right?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...