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 ?
The Company's issued share capital also consists of 62,500 [pounds]1 cumulative preference shares with no voting rights, save in specified limited circumstances, to which there has been no amendment as a result of the share split.
62,500 cumulative preference shares with no voting rights, save in
rights and 62,500 cumulative preference shares with no voting rights,
HAMILTON, Bermuda, March 26 /PRNewswire-FirstCall/ -- Security Capital Assurance Ltd ("SCA" or the "Company") today announced that it intends to launch an offering of Fixed/Floating Series A Perpetual Non- Cumulative Preference Shares (the "Series A Preference Shares") to qualified institutional buyers in reliance on Rule 144A and non-U.
are fixed PIK coupon, non cumulative preference shares in Resolution Life

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