Noncumulative preferred stock


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Related to Noncumulative preferred stock: preferred stock

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 ?
800 percent Noncumulative Preferred Stock, Series C, which will be payable July 22, 2015, to holders of record on July 11, 2015; USD0.
90% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable August 15, 2014, to holders of record on August 5, 2014.
90 percent Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, which will be payable on February 17, 2015, to holders of record on February 5, 2015.
350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable May 15, 2014, to holders of record on May 5, 2014.
350 percent Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable on May 15, 2014, to holders of record as of May 5, 2014.
950 percent Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series A, as on the record date of January 17, 2014, will be paid a dividend of USD29.
The Trust will use the proceeds to purchase State Street's junior subordinated debentures and contracts to purchase State Street's perpetual noncumulative preferred stock.
12 percent Noncumulative Preferred Stock, Series A, and a first fiscal quarter dividend of $0.
The trust will use the proceeds to purchase Mellon's junior subordinated notes and contracts to purchase perpetual noncumulative preferred stock to be issued by Mellon at a future date.
The trusts will use the proceeds to purchase BAC's junior subordinated notes and contracts to purchase perpetual noncumulative preferred stock to be issued by BAC at a future date.
CHICAGO -- Fitch Ratings assigned a 'BB+' rating to Scottish Re's (NYSE:SCT) new issuance of noncumulative preferred stock.
5 billion fixed-rate noncumulative preferred stock.