cumulative preferred stock

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Noun1.cumulative preferred stock - preferred stock whose dividends if omitted accumulate until paid out
preference shares, preferred shares, preferred stock - stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Pursuant to the merger, all shares of NRCG common stock and 7.00% Series A convertible cumulative preferred stock outstanding immediately prior to the closing of the merger will be converted into shares of common stock of the new holding company.
The Board declared a dividend of USD 0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the second quarter ending June 30, 2019.
declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A.
The company has also announced dividends of USD0.90 per share on USD3.60 Series of Cumulative Preferred Stock, USD1.02 per share on USD4.08 Series of Cumulative Preferred Stock, USD1.025 on USD4.10 Series of Cumulative Preferred Stock, USD1.0275 on USD4.11 Series of Cumulative Preferred Stock, USD1.04 per share on USD4.16 Series of Cumulative Preferred Stock, and USD4.56 per share on USD1.14 Series of Cumulative Preferred Stock.

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