noncumulative


Also found in: Financial.

noncumulative

(ˌnɒnˈkjuːmjʊlətɪv)
adj
(Banking & Finance) finance (of stock) not accruing unpaid dividends
References in periodicals archive ?
8, 2019, $1.150 billion issuance of 5.10% Fixed Rate Noncumulative Perpetual Preferred Stock, Series H, to fund the redemption.
A quarterly cash dividend of USD13.75 per share was declared on the company's noncumulative perpetual series D preferred stock (NYSE:FRCPrD) that equals USD0.343750 per depositary share; USD14.25 per share on its noncumulative perpetual series F stock (NYSE:FRCPrF) which equals USD0.356250 per depositary share; USD13.75 per share on its noncumulative perpetual series G stock (NYSE:FRCPrG) that equals USD0.343750 per depositary share; USD12.8125 per share was declared on its non cumulative perpetual series H stock (NYSE:FRCPrH) that equals USD0.3203125 per depositary share; and USD13.75 per share on its noncumulative perpetual series I stock (NYSE:FRCPrI E) that equals USD0.343750 per depositary share.
A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series D Preferred Stock.
5.80% Noncumulative Preferred Stock, Series C, payable October 23, 2017, to holders of record on October 12, 2017.
A2 (hyb) trust preferred vehicles and B1 (hyb) noncumulative preferred
And we also learned from Smith's email that of the $13.2 million of preferred stock, $10 million of that is held as Noncumulative Perpetual Series A Preferred Stock that was placed in March 2006 by Bear Stearns & Co.
Monarch Financial Holdings Inc (NASDAQ: MNRK), the holding company for Monarch Bank with nine banking offices in Virginia, has said that its board has declared a regular quarterly cash dividend of USD0.4875 per share on its 7.80 percent Series-B Noncumulative Convertible Preferred Stock.
Such "noncumulative" manufacturing zones (that is, zones that do not allow the "cumulation" of uses less noxious than industry in manufacturing zones) bar housing in a considerable part of New York City.
(But for a limited, noncumulative power to withdraw, see Q 681.) With respect to community property insurance, however, one-half of the proceeds belongs to the noninsured spouse.
A noncumulative distribution right, or one that lacks preference upon liquidation, is valued at zero unless a "qualified payment" election is made.
The irrevocable trust gave the husband a noncumulative power to withdraw each calendar year, from the principal of the trust, an amount not to exceed the greater of $5,000 or 5% (the "five-or-five" power) of the then aggregate market value of all property included in the trust.
She was enticed to the trust income for life and a noncumulative annual right to withdraw the greater of $5,000 or 5% of the trust corpus.