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Preferred stock |
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Preferred stockSee: 'preference shares'.Preferred stockA security that shows ownership in a corporation and gives the holder a claim, prior to the claim of common stockholders, on earnings and also generally on assets in the event of liquidation. Most preferred stock pays a fixed dividend that is paid prior to the common stock dividend, stated in a dollar amount or as a percentage of par value. This stock does not usually carry voting rights. Preferred stock has characteristics of both common stock and debt.Preferred stock Similar MatchesPrior preferred stockPrior preferred stockPreferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock. Depository preferredDepository preferredDevice enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities. Cumulative preferred stockCumulative preferred stockPreferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. Cumulative preferred stockCumulative preferred stockPreferred stock with dividend payment priority following a missed dividend payment. This amount accumulates with subsequent dividends and when next a dividend is declared no payments can be made to common stockholders until cumulative preferred stockholders have been paid in full. Blank Check Preferred StockBlank Check Preferred StockThis is stock over which the board of directors has broad authority to determine voting, dividend, conversion, and other rights. While it can be used to enable a company to meet changing financial needs, its most important use is to implement poison pills or to prevent takeover by placement of this stock with friendly investors. Further SuggestionsSecond preferred stockPreferred equity redemption stock (PERC) Auction Market Preferred Stock (AMPS) adjustable rate preferred stock Preferred stock agreement Convertible preferred stock Preferred habitat theory Preferred stock ratio Adjustable rate preferred stock (ARPS) First preferred stock Dutch Auction Preferred Stock participating preferred stock Preferred dividend coverage Floating rate preferred Participating preferred stock Monthly income preferred security (MIP) Auction rate preferred stock (ARPS) |
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