Noncumulative preferred stock

(redirected from Non-Cumulative Preference Share)

Noncumulative preferred stock

Preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: Cumulative preferred stock.

Noncumulative Preferred Stock

Preferred stock for which the publicly-traded company does not need to pay all dividends. If a company misses a dividend payment for any reason, it no longer owes the dividend to noncumulative preferred stockholders. That is, all dividends that were "skipped" are treated as if they never existed. Noncumulative preferred stocks are rare because they are unattractive to preferred stock investors.
References in periodicals archive ?
SCPLC: Aa3 senior unsecured debt rating, (P)Aa3 senior unsecured MTN program rating, A2 subordinated debt rating, (P)A2 subordinated MTN program rating, Baa1(hyb) junior subordinated debt rating, and Baa2(hyb) non-cumulative preference share rating.
53 per share, payable in cash on or before December 31, 2015, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference shares as of the close of business on December 30, 2015.
401 percent Perpetual Non-Cumulative Preference Shares with a USD25 liquidation preference per share.
State-run Central Bank of India plans to raise Rs 660 crore through conversion of perpetual non-cumulative preference shares (PNCPS) held by the government into equity shares.
9 ( ANI ): The Union Cabinet on Thursday gave its approval for conversion of Perpetual Non-Cumulative Preference Shares (PNCPS) held by Government of India (GOI) in Indian Bank, UCO Bank and Vijaya Bank
RPII's cash flow from operations (CFO) after taking into account the MYR 90 million redemption of the redeemable convertible non-cumulative preference shares (RCNPS) stood at MYR 102.
53 per share, payable in cash on June 30, 2015, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on June 29, 2015.
2 ( ANI ): The Union Cabinet today gave its approval for conversion of Perpetual Non-Cumulative Preference Shares (PNCPS) held by Government of India (GOI) in Indian Bank, UCO Bank and Vijaya Bank into equity shares.
The bank said that the offer via Kiwi Capital Securities Limited, for perpetual callable non-cumulative preference shares, to be known as Kiwi Income Securities, was initially for NZD100m but over subscriptions of NZD40m had been accepted and a pool of up to NZD10m has been established for clients of Kiwibank.
Following deterioration in 2011 due to the impact of catastrophe losses on retained earnings and reserves, risk-adjusted capitalisation has been strengthened in 2012 by the issuance of USD 160 million perpetual non-cumulative preference shares and an increase in retained earnings in the first nine months of the year.
53 per share, payable in cash on or before December 31, 2014, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference shares as of the close of business on December 30, 2014.
46 crore shares of the Bangalore-headquartered public sector lender via converting 'Perpetual Non-Cumulative Preference Shares (PNCPS)' worth Rs 1,200 crore.

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