I am trying to build a model to price a preferred stock. I want to model the dividends as random payments. I can't find any papers online on the subject. Does anyone have a reference for me?

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    $\begingroup$ Naively searching "stochastic dividends" returns lots of papers. Why are those not relevant? $\endgroup$ – LocalVolatility Feb 20 at 17:27
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    $\begingroup$ Naively searching "preferred stock" returns David Emanuel: A Theoretical Model for Valuing Preferred Stock, The Journal of Finance Vol. 38, No. 4 (Sep., 1983), pp. 1133-1155 Paper does not seem available online, go to a library. $\endgroup$ – Alex C Feb 20 at 17:38
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    $\begingroup$ @alex c I have that paper in my library and I’ve read it. It’s rather old and uses a structural model. I’m looking for more recent literature. $\endgroup$ – John Doe Feb 20 at 17:56

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