Cumulative preferred stock

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Cumulative preferred stock

Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock.

Cumulative Preferred Stock

Preferred stock for which the publicly-traded company must pay all dividends. If a company misses a dividend payment for any reason, it still owes it to cumulative preferred stockholders. That is, all dividends that were "skipped" must be paid to cumulative preferred stockholders before any dividends are paid to common stock holders. This contrasts with non-cumulative preferred stock, for which stockholders must forgo dividend payments that are missed. Most preferred stock is cumulative preferred stock.
References in periodicals archive ?
Besides, Goldman Sachs will pay USD2,500 on each of its 10% cumulative preferred shares series G.
18 October 2010 - The Goldman Sachs Group Inc (NYSE:GS) has announced dividends on four series of non-cumulative preferred shares and a series of cumulative preferred shares.
19 July 2010 - The Goldman Sachs Group Inc (NYSE:GS) has set dividends on four series of non-cumulative preferred shares and a series of cumulative preferred shares.
25% cumulative preferred shares, Series K(C)2011 M2 COMMUNICATIONS http://www.
The dividend on the adjustable-rate cumulative preferred shares series D was set at USD1.
75% Series A Perpetual Cumulative Preferred Shares at the rate of $0.
Money market cumulative preferred shares, series I 'AA'.

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