Noncumulative preferred stock

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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 ?
50 percent Non-Cumulative Preferred Stock, Series H (HUSI PR H); a dividend of USD10.
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I in the amount of $395.
Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock C Series A Non-Cumulative Preferred Stock (NYSE: AGM.
Fannie Mae agreed to sell to "qualified institutional buyers" an aggregate of $5 billion in two placements of non-cumulative preferred stock.
2500000 per share on the company s floating rate non-cumulative preferred stock, Series A, and $0.
125% Non-Cumulative Preferred Stock, Series AA, payable February 15, 2013, to holders of record on February 5, 2013.
25556 per Depositary Share) on Floating Rate Non-Cumulative Preferred Stock, Series A; a dividend of USD25.
750% Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series D (equivalent to $0.
Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock - Series A Non-Cumulative Preferred Stock (NYSE: AGM.
00 per share on its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I, and USD306.
today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock, except for the Series L preferred stock in which each depositary share represents a 1/25th interest in a share): $236.
Farmer Mac's board of directors has also declared a quarterly dividend on each of Farmer Mac's two classes of preferred stock - Series A Non-Cumulative Preferred Stock (NYSE: AGM.

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