preferred stock

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preferred stock

n.
Capital stock having priority over a corporation's common stock in the distribution of dividends and often of assets.

preferred stock

n
(Stock Exchange) US and Canadian shares representing part of the capital issued by a company and entitling their holders to priority with respect to both net profit and net assets. Preferred stock usually carries a definite rate of dividend that is generally lower than that declared on common stock. Also called (in eg Britain, Australia): preference shares

preferred′ stock′


n.
stock that has a superior claim to that of common stock with respect to dividends and often to assets in the event of liquidation.
[1840–50, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.preferred stock - stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"
cumulative preferred, cumulative preferred stock - preferred stock whose dividends if omitted accumulate until paid out
Translations

preferred stock

n (US Fin) → Vorzugsaktien pl
References in periodicals archive ?
On March 11, 2004, Tax Executives Institute submitted the following letter urging the Canadian Department of Finance to introduce legislation repealing the Term Preferred Share provisions of the Canadian Income Tax Act.
This special meeting of the board of directors was convened solely for the consideration of matters concerning the preferred shares due to the timing of the preferred share record date.
Preferred share affirmations include the following:
00 per Preferred Share (the liquidation preference) plus accumulated and unpaid dividends to the redemption date of $0.
00 per Preferred Share, which is equal to the liquidation preference of the Preferred Shares.
Holders of outstanding preferred shares will be entitled to receive $50 principal amount of debentures in exchange for each preferred share held by them, plus dividends accrued to the exchange date.
The reason that the company decided to set a conversion rate is due to speculation that 1 preferred share might be convertible to 1 common share.
Each series A preferred share of Counsel is immediately convertible at the option of the holder into one common share of Counsel, subject to adjustments.
TransCanada's board of directors also declared regular dividend payments on preferred shares for the quarter ending May 1, 1993.
15 /PRNewswire/ -- The board of directors of TransCanada PipeLines today declared regular dividend payments on preferred shares for the quarter ending Feb.
NEW YORK -- The Board of Trustees (the "Board") of Charter Mac Equity Issuer Trust, a wholly-owned subsidiary of CharterMac (NYSE:CHC), has declared a dividend of $33,125 per share on its 6 5/8% Series A Cumulative Preferred Shares ("Series A Preferred Shares").

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